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JGS Co., a publicly listed company declared a dividend of P1.5/share. The company maintains its debt-to-equity ratio of 60% and have outstanding ordinary shares of
JGS Co., a publicly listed company declared a dividend of P1.5/share. The company maintains its debt-to-equity ratio of 60% and have outstanding ordinary shares of P1.2Million as of Dec 2022. Based on its market value per share, dividend yield ratio is 0.10. Assuming 25% of JGS Co. stocks was sold at P450,000, what was the market value per share used
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Financial and Managerial Accounting
Authors: John J Wild, Ken W. Shaw
8th edition
1260247856, 978-1260247855
