Question: The data below is an extract from the current balance sheet of pokuaa limited. Gh$ Ordinary share capital. authorised: 400000000 40000 issued: 3..0@ghs1. 36000 reserves.

The data below is an extract from the current balance sheet of pokuaa limited.

Gh$

Ordinary share capital.

authorised: 400000000 40000

issued: 3..0@ghs1. 36000

reserves. 20000

12% irredeemable bond 20000

the equity shares currently trading at Ghs5.16 with dividends of Ghs 0.36yet to be paid. Dividends have grown at 14% per annum for the last six years and this growth is expected to continue. The interest is also due to be paid on the debt which has a market value of Ghs148 per each 200 par value. Pokuaa limited operates no

an industry where the corporate tax rate is 50%

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