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Speaker City Inc. is a national chain of electronics stores specializing in audio and home theatre equipment. The company has just reported EPS of $2.67
Speaker City Inc. is a national chain of electronics stores specializing in audio and home theatre equipment. The company has just reported EPS of $2.67 and expects to maintain a 39% payout ratio.Speaker City's shareholders require a 15% return on their shares and dividends are expected togrow at 13%. What is the P/E constant for Speaker City? The P/E constant for Speaker City is ?. (Round to one decimal place.)
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