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The market consensus is that Analog Electronic Corporation has an ROE = 11%, a beta of 1.45, and plans to maintain indefinitely its traditional plowback

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The market consensus is that Analog Electronic Corporation has an ROE = 11%, a beta of 1.45, and plans to maintain indefinitely its traditional plowback ratio of 3/4. This year's earnings were $2.60 per share. The annual dividend was just paid. The consensus estimate of the coming year's market return is 14%, and T-bills currently offer a 6% return a. Find the price at which Analog stock should sell (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price b. Calculate the P/E ratio. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) P/E Ratio Leading Trailing . Calculate the present value of growth opportunities. (Negative amount should be indicated by a minus sign. Do not round Intermediate calculations, Round your answer to 2 decimal places.) PVGO

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