P/E and Growth Daisy Pixie Stix pays out 35% of its earnings as dividends. The...
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P/E and Growth Daisy Pixie Stix pays out 35% of its earnings as dividends. The firm has been earnings $0.11 cents per dollar of equity invested in the firm and investors require a 9.50% return. The last annual earnings were $4.00 per share. What is the P/E ratio of the stock?
Multiple Choice
14.89
23.56
29.46
39.05
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