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The most recent reported results of Brunch Co are as follows.
There are two million shares in issue, with a nominal value of $0.50 each. Vetch Inc has agreed to acquire all the share capital of Brunch on a P/E multiple of 12. What is the price per share offered by Vetch Inc? A. $6.00 B. $7.20 C. $4.20 D. $1.80 |