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Business, 31.03.2020 00:37 ronaldhernandez598

Even Better Products has come out with a new and improved 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. Required: (a) At what price and P/E ratio would you expect the firm to sell

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