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Question 4 8 An equity analyst gathers the following information on a publicly - listed company: Latest closing share price: $ 2 5 . 6

Question

48

An equity analyst gathers the following information on a publicly

-

listed company:

Latest closing share price: $

25.68

Total number of shares issued:

300

million

Annual earnings available to ordinary shareholders: $

165

million

Calculate the company's.P

/

E ratio based on this information. Round your final answer to

2

decimal places.

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