Ider corp expects to have 373 as earnings per share next, Financial Management

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Ider corp expects to have 373 as earnings per share next

Ider Corp expects to have $3.73 as earnings per share next year. The cost of equity for Ider is 16%, whereas its dividend yield is 4%. The price per share of Ider is $40. Find its current Price-Earnings ratio (P/E ratio).

Please show all steps and calculations

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Financial Management: Ider corp expects to have 373 as earnings per share next

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Financial Management: Ider corp expects to have 373 as earnings per share next

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