A firm has a required rate of return of 0.115. Its expected

Last updated: 8/3/2022

A firm has a required rate of return of 0.115. Its expected RE is 0.144 and expected earnings per share are 1.8. If the firm's payout ratio is 0.51, what is the firm's sustainable or intrinsically justifiable P/E ratio? 10.443 12.015 11.476 12.578 10.816