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Assuming Ivanhoe Corp, has an ROE of 8% and investors require a 7% return on shares, estimate the firm's P/E ratio and market price given

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Assuming Ivanhoe Corp, has an ROE of 8% and investors require a 7% return on shares, estimate the firm's P/E ratio and market price given an EPS of $ 2.00 and a 25% payout ratio. (Round answers to 2 decimal places, e., 5.25) P/E ratio Market price $

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