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National City Corporation, a bank holding company, reported earnings per share (E0) of $2.40 in 2017, and paid dividends per share of $1.06 (D0) in

National City Corporation, a bank holding company, reported earnings per share (E0) of $2.40 in 2017, and paid dividends per share of $1.06 (D0) in 2017. The earnings were expected to grow 6% (g=6%) annually in the long term. The stock had a beta of 1.05. The risk free rate was 4% and the expected market return was 12%. Estimate the justified leading and trailing P/E Ratios for National City Corporation.

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