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Assuming Sunland 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 Sunland 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 $3.00 and a 40% payout ratio.

Find the P/E ratio ?

Find the market price per share?

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