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Can you assist me with showing steps for calculation. South Sea Bubble plc has 2 billion ordinary shares in issue. The current market price of

Can you assist me with showing steps for calculation.

South Sea Bubble plc has 2 billion ordinary shares in issue. The current market price of its ordinary shares is 575p for each share.

Its most recent reported annual post-tax earnings were 225 million, from which it paid a preference dividend of 5 million.

Calculate the price-earnings ratio for South Sea Bubble plc.

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