Multiple Choice
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 50%, the P/E ratio will be
A) 7.69.
B) 8.33.
C) 9.09.
D) 11.11.
E) None of the options are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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