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The current price of PTO Industries stock is $82.81 per share. Current earnings per share are $4.58, the earnings growth rate is 5 percent,
The current price of PTO Industries stock is $82.81 per share. Current earnings per share are $4.58, the earnings growth rate is 5 percent, and PTO does not pay a dividend. The expected return on PTO stock is 15] percent. What one-year ahead P/E ratio is consistent with PTO's expected return and earnings growth rate? Answer to two decimal places.
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
