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The earnings of Confinity Inc. were $6 per share last year. Its expected ROE is 18% and cost of equity is 14%. It will maintain

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The earnings of Confinity Inc. were $6 per share last year. Its expected ROE is 18% and cost of equity is 14%. It will maintain a dividend payout ratio of 60%. What is the leading P/E ratio? Do not round your intermediate calculations. A. 11.3 B. 8.8 C. 12.5 D. 9.5

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