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Jammy Co has made an offer of one of its shares for every 3 of Dodger Company. Synergy benefits would result from the merger. Extracts from the accounts of both companies are as follows: Profit after tax Number of Shares Market price of shares 250c What is the P/E Ratio of Jammy Co? O 11.8 8.33 10.6 Jammy Co €120m 400 million 10.75 Dodger Co €35m 90 million 120c Jammy Co has made an offer of one of its shares for every 3 of Dodger Company. Synergy benefits would result from the merger. Extracts from the accounts of both companies are as follows: Profit after tax Number of Shares Market price of shares 250c What is the P/E Ratio of Jammy Co? O 11.8 8.33 10.6 Jammy Co €120m 400 million 10.75 Dodger Co €35m 90 million 120c
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Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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