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M.Halimeh Company reports the following information for the year 2015: - Earning before interest and Taxes = $200,000 - Total Liabilities $800,000, out of which
M.Halimeh Company reports the following information for the year 2015:
- Earning before interest and Taxes = $200,000
- Total Liabilities $800,000, out of which $200,000 for accounts payable.
- Average tax rate 20%
- Interest rate 10%
- Preferred stocks (5%,$100 par,5,000 shares issued)
- 200,000 shares of common stocks outstanding
- Retention Ratio of 40%
Calculate the firms dividend per share?
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