14 points You are considering Sainsbury's as the comparable company for TESCO in terms of valuation. The dividend payout ratio for Sainsbury's is 15% The required rate of return for Sainsbury's shareholder is 10% The expected growth rate for Sainsbury's dividend is 6% and it could last forever The latest earning per share of TESCO is 50 p. The forecast of earning growth rate of TESCO in the next year is 5%. What is the current price of TESCO by using forward P/E method? None of other THREE answers 500 pence 196 88 pence 333,33 pence Next Previous