单选题
Suppose a stock has a dividend payout ratio of 40 percent, a required rate of return of 15 percent and an expected growth rate of dividends of 10 percent. What is the P/E ratio of the stock? A. 2.667. B. 1.5. C. 8.0.
【正确答案】
C
【答案解析】The P/E ratio is computed as 0.40/(0.15-0.10)=8.0.