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The market capitalization rate for Admiral Motors Company is 1 1 % . The firm's expected ROE is 9 % and the plowback ratio is

The market capitalization rate for Admiral Motors Company is

11 % .

The firm's expected ROE is

9 %

and the plowback ratio is

40 % .

What will be Admiral's P

/

E ratio? Round your answer to one decimal place.

Your Answer:

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