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i ) We define the predictive P/E as price at the beginning of the year divided by the earnings for the year. Calculate the average
i) We define the predictive P/E as price at the beginning of the year divided by the earnings for the year. Calculate the average predictive P/E.
(ii) Suppose that we expect the earnings per share for 2022 is 60 pence. What is the expected share price based on the average predictive P/E?
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