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Dog plc plans to take over Cat plc and using the price earnings ratio valuation method values Cat at 600 million. Cats earnings per share

Dog plc plans to take over Cat plc and using the price earnings ratio valuation method values Cat at 600 million. Cats earnings per share are expected to stay at the current level of 80p. Its issued share capital is 50 million ordinary shares. What PER has Dog used in its calculations. A. 10 B. 12 C. 50 D. 15 ?

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