please help solve this

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November 14, 2014 at 8:49 am #209865
kabba
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Z plc has dividend per share of $0.30;a PE ratio of 12;and dividend cover of 3.
What is the market value of a share in Z?
November 14, 2014 at 10:19 am #209903
John Moffat
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Since you know the dividend and the dividend cover, you can calculate the earnings per share (dividend cover x dividend).

When you know the earnings per share then the market value should be obvious since you are given the PE ratio.
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