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ABC Ltd has earnings of $200,000, has 150,000 shares on issue, and the shares are priced at $10 per share. BCD Ltd has earnings of

ABC Ltd has earnings of $200,000, has 150,000 shares on issue, and the shares are priced at $10 per share. BCD Ltd has earnings of $100,000, has 100,000 shares on issue, and the shares are priced at $5 per share. What will the price earnings ratio of the combined entity be if ABC Ltd issues one of its share for every two BCD Ltd shares?

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