XYZ plc, which is unquoted, earns profit before tax of 80 million. It has issued 100 million
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XYZ plc, which is unquoted, earns profit before tax of £80 million. It has issued 100 million shares. The rate of Corporation Tax is 30 per cent.
A similar listed firm sells at a P:E ratio of 15:1.What value would you place on XYZ’s shares?
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Related Book For
Corporate Finance And Investment Decisions And Strategies
ISBN: 9780273695615
5th Edition
Authors: Richard Pike, Bill Neale
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