Ider Corp expects to have $3.73 as earnings per share next year. The cost of equity for Ider is 16%,

Ider Corp expects to have $3.73 as earnings per share next year. The cost of equity for Ider is 16%, whereas its dividend yield is 4%. The price per share of Ider is $40. Find its current P/E ratio.

DPR = 42.9%, P/E = 12.01

Please show all steps(calculation)

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