PriceEarnings Ratio The market consensus is that Pinto plc has an ROE of 9 per cent and

Question:

Price–Earnings Ratio The market consensus is that Pinto plc has an ROE of 9 per cent and plans to maintain its plowback ratio of 0.67. This year’s earnings per share was €3. The discount rate on Pinto plc is 10 per cent. What is the current PE ratio for the company? What is the prospective PE ratio for the company?

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