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Exercise 5 AXA presents the following financial information. What is the growth rate and the value of the common share of the company ? Dividend
| Exercise 5 | ||||
| AXA presents the following financial information. What is the growth rate and the value of the common share of the company ? | ||||
| Dividend this year | 0.73 | Formulas: | ||
| Net income | 5,565,000 | g = ROE * pr | ||
| Shareholders'equity | 71,410,000 | ROE = NI/ shareholders'equity | ||
| % profits retained pr | 40% | V (cs) = D1 / (r cs - g) | ||
| RRR | 16% | D 1 = D 0 * (1 + g) | ||
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Auditing In The Public Sector Efficiency Economy And Program Results
Authors: James L. Savage, Felix Pomeranz, Alfred J. Cancellieri, Joseph B. Stevens
1st Edition
0882621238, 978-0882621234
