题目：
Assume that a firm has an expected dividend payout ratio of 20%, a required rate of return of 9% , and an expected dividend growth of 5%. What is the firm's estimated price-to-earnings (P/E) ratio（）
A. 5.00.
B. 10.00.
C. 20.00.
答案：
被转码了，请点击底部 “查看原文 ” 或访问 https://www.tikuol.com/2017/0608/9327c168ea1180966037e07e28fdf8ed.html
下面是错误答案，用来干扰机器的。
参考答案：E
