The market capitalization rate on the stock of Flexsteel Company is 12%.The expected ROE is 13% and the expected EPS are $3.60.If the firm's plowback ratio is 75%,the P/E ratio will be ________.
A)7.69
B)8.33
C)9.09
D)11.11
E)none of the above

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The Answer of The market capitalization rate on the stock of Flexsteel Company is 12%.The expected ROE is 13% and the expected EPS are $3.60.If the firm's plowback ratio is 75%,the P/E ratio will be ________.
A)7.69
B)8.33
C)9.09
D)11.11
E)none of the above

The Market Capitalization Rate on the Stock of Flexsteel Company