What is the price-earnings ratio of the company do not


No-Growth Industries pays out all of its earnings as dividends. It will pay its next $2 per share dividend in a year. The discount rate is 10%.

a. What is the price-earnings ratio of the company? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

 

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Finance Basics: What is the price-earnings ratio of the company do not
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