Avalon plc has ordinary shares in issue that have a current market price of 1.50. The dividend

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Avalon plc has ordinary shares in issue that have a current market price of £1.50. The dividend expected for next year is 20p per share and future dividends are expected to grow at a constant rate of 3 per cent a year.

What is the cost of the ordinary shares to the business?

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Financial Management For Decision Makers

ISBN: 9781292311432

9th Edition

Authors: Peter Atrill

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Question Posted: Dec 31, 2023 12:51 AM

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Avalon plc has ordinary shares in issue that have a current market price of 1.50. The dividend

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Financial Management For Decision Makers

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