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help please Castles in the Sand generates a ROE of 22.8 percent and maintains a payout ratio of 0.5. Its earnings this coming year will
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Castles in the Sand generates a ROE of 22.8 percent and maintains a payout ratio of 0.5. Its earnings this coming year will be $4.18 per share. Investors expect a return of 15.61 percent on the stock. What is the stocks P/E ratio? Your Step by Step Solution
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