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Egypt Airways has an expected ROE of 12%, and an expected EPS of $1 after 1 year. Assume that the market capitalization rate is 7%

Egypt Airways has an expected ROE of 12%, and an expected EPS of $1 after 1 year. Assume that the market capitalization rate is 7% and the plowback ratio is 45%, what will be its P/E ratio?

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