Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

John plc. paid 80 pence per share as a dividend to its shareholders the past year. Therefore the share price given for John plc. was

John plc. paid 80 pence per share as a dividend to its shareholders the past year. Therefore the share price given for John plc. was 500 pence at the end of the past year. Its seen that the arithmetic return of the share was 25% over last year. What was the share price at the beginning of last year?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Anthony Saunders, Marcia Millon Cornett

1st International Edition

0071181334, 9780071181334

More Books

Students also viewed these Finance questions