Castles in the Sand generates a rate of return of 12% on its investments and maintains a plowback ratio of. 40. Its earnings this year will be $3 per share. Investors expect a 10% rate of return on the stock. a) Find the price and P/E ratio of the firm. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Price $ P/E ratio b) Find the price and P/E ratio of the firm of the plowback ratio is reduced to. 30. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Price $ P/E ratio
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Home » Business » Castles in the Sand generates a rate of return of 12% on its investments and maintains a plowback ratio of. 40. Its earnings this year will be $3 per share. Investors expect a 10% rate of return on the stock.