
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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You have 300000 shares you want to issue this year and have earned 1600000 dollars in earnings. With an expected annual rate of growth of 4% every year with a payout of 80% of your earnings in dividends
what will be the PPS(price-per-share) of your venture?
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