A firm has an expected dividend payout ratio of 60% and an expected future growth rate of7%. What should the firm's fundamental price-to-earnings (P/E) ratio be if the required rate of return on stocks of this type is 15%?

A firm has an expected dividend payout ratio of 60% and an expected future growth rate of7%. What should the firm's fundamental price-to-earnings (P/E) ratio be if the required rate of return on stocks of this type is 15%?


A. 5.0x.

B. 7.5x.

C. lO.Ox.



Answer: B


Learn More :