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The following information is collected from the annual reports of Y Ltd: Profit before tax is Rs 2.5 crore, Tax rate 40 percent, Retention ratio
The following information is collected from the annual reports of Y Ltd: Profit before tax is Rs 2.5 crore, Tax rate 40 percent, Retention ratio 40 percent Number of outstanding shares 50,00,000, Equity capitalization rate 12 percent, Rate of return on investment 15 percent. What should be the market price per share according to Gordon's model of dividend policy?
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
