Find its current p and e ratio

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Reference no: EM13730411

Ider Corp expects to have $3.73 as earnings per share next year. The cost of equity for Ider is 16%, whereas its dividend yield is 4%. The price per share of Ider is $40. Find its current P/E ratio.

DPR = 42.9%, P/E = 12.01

Please show all steps (calculation)

Reference no: EM13730411

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