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Castles in the Sand generates a ROE of 24.6 percent and maintains a payout ratio of 0.6 . Its earnings this coming year will be

Castles in the Sand generates a ROE of 24.6 percent and maintains a payout ratio of 0.6 . Its earnings this coming year will be $3.55 per share. Investors expect a return of 17.02 percent on the stock. What is the stocks P/E ratio? Your

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