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Horton Corp has just paid dividends of $6 per share with an earnings per share for the company of $15. Assume: A 10 percent discount

Horton Corp has just paid dividends of $6 per share with an earnings per share for the company of $15. Assume: A 10 percent discount rate 5 percent long-term growth rate in earnings A constant payout ratio. The fair P/E ratio is: 10 15 O 25 8

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