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Assume that a company has an ROE of 17 percent, a growth rate of 5 percent, and a payout ratio of 65 percent. The company

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Assume that a company has an ROE of 17 percent, a growth rate of 5 percent, and a payout ratio of 65 percent. The company also has a cost of equity of 13 percent. a. What is the forward price-book multiple? b. What is the trailing price-book multiple

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