The following are earnings and dividend forecasts made at the end of 2009 for a firm with
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a. Forecast return of common equity (ROCE) and residual earnings for each year, 2010-2012.
b. Based on your forecasts, do you think this firm is worth more or less than book value?Why?
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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