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You expect a firm to pay out 30% of its earnings as dividends. Earnings and dividends are expected to grow at a constant rate of

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You expect a firm to pay out 30% of its earnings as dividends. Earnings and dividends are expected to grow at a constant rate of 6%. If you require a 13% return on the stock, what is the stock's expected P/E ratio? A. 4.5x B. 4.3x C. 5.3x

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