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A company has declared a dividend of Rs . 4 per share for the recently ended financial year. It is estimated that its cost of

A company has declared a dividend of Rs.4 per share for the recently ended
financial year. It is estimated that its cost of equity is 14.75%. It has a
dividend payout ratio of 40% and book value per share is Rs.80. You are
required to determine its Price/Earnings Ratio.
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