XYZ Ltd, an unlisted business, is quite like ABC plc, a listed one, in term of activities,
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XYZ Ltd, an unlisted business, is quite like ABC plc, a listed one, in term of activities, gearing and dividend policy. XYZ Ltd recently paid a dividend for the year of £0.20 per share. The effective income tax rate is 10 per cent. ABC plc’s gross dividend yield is 12 per cent.
Estimate the value of a share in XYZ Ltd, bearing in mind its unlisted and private company status.
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