1 Tom plc follows a residual dividend policy. It has just announced earnings of 10 m and...
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1 Tom plc follows a residual dividend policy. It has just announced earnings of £10 m and is to pay a dividend of 20p per share. Its nominal issued share capital is £5 m with par value of 50p. What value of capital expenditure is it undertaking? (You may ignore taxes.)
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Corporate Finance And Investment Decisions And Strategies
ISBN: 9780273695615
5th Edition
Authors: Richard Pike, Bill Neale
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