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The following data relate to a firm: earnings per share OMR 10, capitalization rate 10%, payout ratio 60%. Determine the price per share under Walters

The following data relate to a firm: earnings per share OMR 10, capitalization rate 10%, payout ratio 60%. Determine the price per share under Walters models if the internal rate of return is 15%. What would be the optimum payout ratio as per Walters model?

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