A plc and B Ltd are two businesses similar in size, activity, gearing and dividend cover. A

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A plc and B Ltd are two businesses similar in size, activity, gearing and dividend cover. A plc is Stock Exchange listed, B Ltd is not. The dividend yield (gross) for A plc is 10 per cent, and B Ltd has recently paid annual dividends of £0.15 per share. What is the value of each B Ltd share?

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