Question: ABC Ltd is a company operating in the software industry. It is considering the acquisition of XYZ Ltd with shares. ABC has earnings of R991.18m,

ABC Ltd is a company operating in the software industry. It is considering the acquisition of XYZ Ltd with shares. ABC has earnings of R991.18m, with 136.86m shares outstanding and a P/E ratio of 15. XYZ has earnings of R247m, with 66.71m shares outstanding and a P/E ratio of 9. What is the premerger earnings per share? Give your answer to 2 decimal places

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