=+b. MD Enterprises plc has run into trouble. The companys policy is to pay out a constant

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=+b. MD Enterprises plc has run into trouble. The company’s policy is to pay out a constant proportion of its earnings in dividends each year; but earnings per share are now expected to grow by only 2 per cent a year for the foreseeable future.

Instead of 6.0p per share (as in part [a] above), the company is now planning a

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Corporate Finance For Business The Essential Concepts

ISBN: 9783030924188

2nd Edition

Authors: Ronny Manos, Keith Parker, D. R. Myddelton

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