Assignment 3-1. Suppose a company's P/E ratio is 8.00, return on equity (ROE) is 25% and cost of equity is 15%. - If the company's growth rate increases twice (ceteris paribus) then what is its new P/B (price-to-book) level? Assignment 3-1. Suppose a company's P/E ratio is 8.00, return on equity (ROE) is 25% and cost of equity is 15%. - If the company's growth rate increases twice (ceteris paribus) then what is its new P/B (price-to-book) level