CFA Level I sample question

CFA Level I Equity Valuation question

Equity Investments / Equity Valuation

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Equity Valuation sample question

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Equity Investments

Equity Valuation

A company has expected next-year EPS of USD4.00, dividend payout ratio of 45%, required return of 11%, and sustainable dividend growth of 5%. The justified leading P/E is closest to:

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