Gdl is expected to have earnings of 76 next year and pay a, Financial Management

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Gdl is expected to have earnings of 76 next year and pay a

GDL is expected to have earnings of $7.6 next year and pay a dividend of $2.1 next year. Dividends are expected to grow at a constant rate of 3% and the required rate of return is 13%. What is the stock's PE ratio? Round your answer to 1 decimal place, for example 10.1.

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