Link below is for the JPEG file of the problem.
[ Ссылка ]
The earnings per share of a company is Rs. 8 and the rate of capitalization applicable is 10%. The company has before it an option of adopting (i) 50%, (ii) 75% and (iii) 100% dividend payout ratio.
Compute the market price of the company’s quoted shares as per Walter’s model if it can earn a return of (a) 15%, (b) 10% and (c) 5% on its retained earnings.
Ещё видео!