Whittier Optical Laboratories has an ordinary share capital structure. Relevant financial characteristics for the company are shown
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Whittier Optical Laboratories has an ordinary share capital structure. Relevant financial characteristics for the company are shown below:
Ordinary shares outstanding: 2,000,000
Share price P0 $11.00 per share
Expected level of EBIT: $ 4,750,000
Dividend payout ratio: 100%
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