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AMAT currently has a 0.25 payout ratio for dividends. The company has an ROE of 16% and a required return of 12.5%. If the company

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AMAT currently has a 0.25 payout ratio for dividends. The company has an ROE of 16% and a required return of 12.5%. If the company increases the payout ratio to 0.4 , how much will the forward P/E ratio change

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