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Corner Cafe is estimating the value of its securities and was able to gather the following information: Current year dividends amounted to Php6.00 per share
Corner Cafe is estimating the value of its securities and was able to gather the following information:
- Current year dividends amounted to Php6.00 per share
- Net income of the company during the year amounted to Php750,000
- Total outstanding shares of the company is at 100,000 shares
- Net assets of the company as of the end of the year is at Php2,500,000
- Corner Cafe's current shares trade at Php80.00 per share
What is the expected rate of return of Corner Cafe?
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R. Cornwall, David O. Vang, Jean M. Hartman
4th Edition
0765646854, 978-0765646859
