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A firm has announced earnings of R1.5 million for last year, and the firm has 500 000 shares in issue, trading at R9 per share.
A firm has announced earnings of R1.5 million for last year, and the firm has 500 000 shares in issue, trading at R9 per share. The firm has a plowback ratio of 40% and historical ROE of 25%. If the required rate of return is 12%, what is the firm's leading PE ratio? O a. 27.0 O b. 25.5 O c. 37.5 O d. 30.0
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Challenging Global Finance
Authors: Elizabeth Friesen
2012th Edition
0230348793, 978-0230348790
