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For DEF AG, assume following parameters: Book value per share = 12 EUR Earnings ...
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For DEF AG, assume following parameters:
Book value per share = 12 EUR
Earnings per share = 3 EUR
Dividend payout ratio = 50%
Return of equity = 18%
Cost of equity = 16%
Using the constant growth dividend discount model, what is the resulting price-book ratio?
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