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Next year, BHH Co. is expected to pay a dividend of $3.22 per share from earnings of $5.01 per share. The equity cost of capital

Next year, BHH Co. is expected to pay a dividend of $3.22 per share from earnings of $5.01 per share. The equity cost of capital for BHH is 11.9%. What should BHH's forward P/E ratio be if its dividend growth rate is expected to be 4.2% for the foreseeable future?

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