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itshammertime itshammertime
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4 months ago
Polar Express Corporation has just reported a net income of $400,000. It has 250,000 common shares outstanding with a book value of $2 million. The firm always maintain a retention ratio of 25%. What is the firm's price-earnings ratio if its required return is 10%?

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Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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maneee1maneee1
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4 months ago
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itshammertime Author
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4 months ago
Good timing, thanks!
paulinaibarra98
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Yesterday
Smart ... Thanks!
rileyjones420
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2 hours ago
Brilliant ツ
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