The market value of one ordinary share in Jermaine plc is 240 pence. The profit for the latest financial year to 30 April 2019 is £17.5m after charging income tax of £4.5m. Jermaine plc has 30m preference shares of £1 each in issue and these preference shares have a dividend rate of 5%. There were 70m ordinary shares in issue throughout the financial year ended 30 April 2019. What is Jermaine plc's P/E ratio?
A) 9.60
B) 10.50
C) 12.92
D) 14.61
Correct Answer:
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