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Q7 Assuming Carla Vista Corp. has an ROE of 8% and investors require a 7% return on shares, estimate the firm's P/E ratio and market

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Assuming Carla Vista Corp. has an ROE of 8% and investors require a 7% return on shares, estimate the firm's P/E ratio and market price given an EPS of $2.00 and a 38% payout ratio. (Round answers to 2 decimal places, e.g. 5.25.) P/E ratio Market price $

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