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A firm has a required rate of return of 0.115. Its expected ROE is 0.144 and expected earnings per share are 1.8. If the firm's

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A firm has a required rate of return of 0.115. Its expected ROE is 0.144 and expected earnings per share are 1.8. If the firm's payout ratio is 0.51, what is the firm's sustainable or intrinsically justifiable P/E ratio? 12.015 11.476 12.578 10.443 10.816

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