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Assuming Blossom Corp. has an ROE of 10% and investors require a 9% return on shares, estimate the firm's P/E ratio and market price given

Assuming Blossom Corp. has an ROE of 10% and investors require a 9% return on shares, estimate the firm's P/E ratio and market price given an EPS of $2.00 and a 40% payout ratio. (Round answers to 2 decimal places, eg. 5.25.) P/E ratio Market price $

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