ToToUToTo solve this problem, we can use the formula:Stock price = (Dividend per share / (Cost of equity - Dividend growth rate))whereDividend per share = 1.15Cost of equity = (P/E ratio) / 100 = 27 / 100 = 0.27Dividend growth rate = 0 (since it's not given in the problem)Therefore, using the formula:Stock price = (Dividend per share / (Cost of equity - Dividend growth rate))Stock price = (1.15 / (0.27 - 0))Stock price = (1.15 / 0.27)Stock price = 4.26Hence, the price of ABC share, if the expected dividend is 1.15 per share and the average industry P/E ratio for IT companies is 27, is $4.26.