invic

Many thanks Aravinda and Findis07...

Ok, but the question seems to be so easy that after the exam I was asking me if I had really well read the question and if they maybe not asked us to calculate the trailing PE instead of leading PE.

I remember a world before PE, but don't remember if it was "trailing" or "leading"

Due to the fact that they gave us the ROE, we maybe had to find the trailing payout ratio (D-1/E-1) before dividing it by k-g ???