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Entity X earns 6 TL per share. If the discount rate or equity cost to be applied by the company is 20% and the investment

Entity X earns 6 TL per share. If the discount rate or equity cost to be applied by the company is 20% and the investment profitability is 16%; a) According to Walter formula, what would be the price of the shares if the business had distributed 50% profit? b) Is this the optimum rate of dividend distribution, according to Walter? Explain

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