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Prime Ltd issued 183391 ordinary shares at R28 each four years ago. The shares are currently trading at R81 per share. The company's equity
Prime Ltd issued 183391 ordinary shares at R28 each four years ago. The shares are currently trading at R81 per share. The company's equity beta is 1.11 and the risk-free rate is 4.46%. The current average market rate achievable on equity investments is 12%. Calculate the market value of Prime Ltd's total equity. Express your answer in rands with 2 decimal places.
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To calculate the market value of Prime Ltds total equity you can use the following formula Market Va...
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
