Question
The following data relate to a firm; earnings per share $ 10, capitalization rate 10 percent, retention ratio 40 percent. Determine the price per share
The following data relate to a firm; earnings per share $ 10, capitalization rate 10 percent, retention ratio 40 percent. Determine the price per share under Walter's and Gorden's model if the internal rate of return is 15 percent, 10 percent and 5 percent.
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Fundamentals of Managerial Economics
Authors: Mark Hirschey
9th edition
324584830, 978-0324588781, 032458878X, 978-0324584837
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