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Business, 19.12.2019 23:31 coombsbob

Even better products has come out with an even better product. as a result, the firm projects an roe of 20%, and it will maintain a plowback ratio of 0.30. its earnings this year will be $2 per share. investors expect a 12% rate of return on the stock. a. at what price and p/e ratio would you expect the firm to sell? (do not round intermediate calculations. round your answers to 2 decimal places.)

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