Question

Id 238
Number 25
Description An analyst has gathered the following information for the Oudin Corporation: </br> &emsp;Expected earnings per share = €5.70 </br> &emsp;Expected dividends per share = €2.70 </br> &emsp;Dividends are expected to grow at 2.75 percent per year indefinitely </br> &emsp;The required rate of return is 8.35 percent </br>Based on the information provided, the price/earnings multiple for Oudin is closest to: