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14. An investor evaluating a company's common stock now available on the market is selling for $15, and he has gathered the following data: Current

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14. An investor evaluating a company's common stock now available on the market is selling for $15, and he has gathered the following data: Current year's earnings per share $2.50 Dividend retention ratio 50% Expected dividend growth rate 5% 12% Investors' requited rate of return The justified leading P/E ratio is closest to

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