C) Higher Im 10 If a business's ROE is 12 percent, retention rate is 60%, its required rate of return is11% and dividend is expected to grow at a constant rate of 7.2% annually What is its justified P/B based on fundamentals? A. 1.26 B. 1.67 C. 10.53 D. 11.28 11. If the company's expected dividend growth rate (g) is positive, which of the following is correct? A. The justified trailing P/E and the justified forward P/E should be equal B. The justified trailing P/E should be greater than the justified forward P/E C. The justified forward P/E should be greater than the justified trailing P/E