An analyst gathered the following information about a stock market index: Required rate of return: 16% Expected dividend payout ratio: 30% Expected return on equity investment: 20% The expected price-earnings (P/E) ratio of the index is closest to a. 3.5 b. 7.0 c. 15.0 d. 35.0

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 10P
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An analyst gathered the following information about a stock market index:
Required rate of return: 16%
Expected dividend payout ratio: 30%
Expected return on equity investment: 20%
The expected price-earnings (P/E) ratio of the index is closest to
a. 3.5
b. 7.0
c. 15.0
d. 35.0
Transcribed Image Text:An analyst gathered the following information about a stock market index: Required rate of return: 16% Expected dividend payout ratio: 30% Expected return on equity investment: 20% The expected price-earnings (P/E) ratio of the index is closest to a. 3.5 b. 7.0 c. 15.0 d. 35.0
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