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2 points A firm just reported earnings per share of $3.4. The company maintains a constant payout ratio of Son Assume the firm earnings and

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2 points A firm just reported earnings per share of $3.4. The company maintains a constant payout ratio of Son Assume the firm earnings and dividends are expected to grow at constante Indefinitely into the future. If the required return or cost of equity is 10% for an investment in the company, what is your estimate of a pair current Price to Earningsratis Calculate your answer to 2 decimal places, and use at least 3 decimal places for earlier steps

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