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C Bank is a mature Bank that is expected to generate net income of $25 million next year and grow 3% a year forever. if
C Bank is a mature Bank that is expected to generate net income of $25 million next year and grow 3% a year forever. if the company is expected to generate a return on equity of 12%, faces a cost of equity 9%, and expects to maintain next year's payout ratio in perpetuity, estimate the intrinsic PE ratio(based upon fundamentals)
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