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Next year, BHH Co. is expected to pay a dividend of $2.83 per share from earnings of $5.19 per share. The equity cost of capital

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Next year, BHH Co. is expected to pay a dividend of $2.83 per share from earnings of $5.19 per share. The equity cost of capital for BHH is 11.8%. What should BHH'S forward P/E ratio be if its dividend growth rate is expected to be 4.4% for the foreseeable future? The forward Pre ratio is I. (Round to two decimal places.) ley

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