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The firm projects a ROE of 25%; it will maintain a plowback ratio of 0.3. The firm is expecting earning of R5 per share and
The firm projects a ROE of 25%; it will maintain a plowback ratio of 0.3. The firm is expecting earning of R5 per share and investors expect a return of 10% on the stock. What is the expected price and P/E ratio of the firm?
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