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A Firm Has D0 = $2, E0 = $5, a Forecasted

Question 56

Multiple Choice

A firm has D0 = $2, E0 = $5, a forecasted dividend growth rate of 10%, and you require an 18% rate of return. The current stock price is $40. The "normal" price earnings ratio is


A) 9.4.
B) 5.5.
C) 11.2.
D) 8.0.

Correct Answer:

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