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Stormy Weather has no attractive investment opportunities. Its return on equity equals the discount rate, which is 10%. Its expected earnings this year are $2
Stormy Weather has no attractive investment opportunities. Its return on equity equals the discount rate, which is 10%. Its expected earnings this year are $2 per share. Find the stock price P/E ratio, and growth rate of dividends for plowback ratios of (Leave no cells blank - be certain to enter'0' wherever required. Do not round intermediate calculations. Round'Growth Rate of Dividends' to 1 decimal place.)
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