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Garden Plastics Limited has an investment of Rs 5,00,000 in assets and has 50,000 equity shares at Rs 10 each. It earns a return(PAT) of

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Garden Plastics Limited has an investment of Rs 5,00,000 in assets and has 50,000 equity shares at Rs 10 each. It earns a return(PAT) of 15% on its investment. If the appropriate discount rate is 10%, find the share price of the company at a payout ratio of 80% and 40% using: a) Walter's Model b) Gordon's Model Discuss your results

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