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QUESTION 1 A company has an ROE of 15%, a market cap rate of 12%, earnings retention ratio of 40%, and next year's expected earnings

QUESTION 1 A company has an ROE of 15%, a market cap rate of 12%, earnings retention ratio of 40%, and next year's expected earnings of $5 per share. What should be the P/E ratio for this firm? Hint: calculate the price first, then find the P/E ratio. Or you can rearrange the DGM first then plug things in

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