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undefined Stormy Weather has the constant growth rate as 2% and the required rate of return as 10%. Its expected earnings at the end of

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Stormy Weather has the constant growth rate as 2% and the required rate of return as 10%. Its expected earnings at the end of the first year will be $8 per share. If the plowback ratio is 40%, what is the P/E ratio? Multiple Choice 6 7.5 O 10 O O 12.5

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