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Problem 9-03 Currently, the dividend-payout ratio (D/E) for the aggregate market is 65 percent, the...

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Problem 9-03 Currently, the dividend-payout ratio (D/E) for the aggregate market is 65 percent, the required return (k) is 13 percent, and the expected growth rate for dividends (g) is 5 percent. Round your answers to two decimal places. a. Compute the current earnings multiplier. b. You expect the D/E payout ratio to decline to 55 percent, but you assume there will be no other changes. What will be the P/E

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