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The required ROR on the stock of Company X is 1 0 % . Its expected ROE is 1 2 % and its expected earnings

The required ROR on the stock of Company X is 10%. Its expected ROE is 12% and its expected earnings per share this year is $5.00. If the firm's plowback rate is 60%, its P/E ratio will be _______.
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8.33
19.23
14.29
11.54

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