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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › June 2016- Louieed co
Hello,
To calculate PE ratio based on initial offer, why the no of shares of Tidded co is still 90 m.
It says for every 1 shares he is getting 2 shares of louieed.
Thank you.
The question is asking for the PE ratios being implied for Tidded. So it is Tidded’s existing shares that we are looking at.
Thank you.
You are welcome 🙂