Small Events Incorporation has recently paid dividend of ? 3.50 per share. The dividends are growing at

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Question:

Small Events Incorporation has recently paid dividend of ? 3.50 per share. The dividends are growing at 10% p.a. and the equity capitalization rate applicable to the company is 12%. Find out the implicit P/E Ratio if the EPS of the company is ? 7.
(A) 27.50
(B) 28.50
(C) 30.00
(D) 32.50