Question
LOL Trading Co Ltd issued 4M Ordinary Shares 3 years ago at $5. The business has been very successful and shares are now trading in
LOL Trading Co Ltd issued 4M Ordinary Shares 3 years ago at $5. The business has been very successful and shares are now trading in the market at $14.
A dividend of $0.68 was just paid and the business expects to be able to increase dividends by 20% every year.
Calculate LOL's return on equity correct to TWO decimal places (ignore % sign).
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
