prof hiller would u help me solve this the latest dividend paid by angus company is 40 cents and the company retains 25percent of its earnings each year,which is invested to earn a rate of return of 20percent pa. assuming the req rate of return on angus companys shares is 15percent what will the price of angus shares be the answer is 4.20 since its written at the back of the book but how to get to that answer is what i do not get
Super useful. Thank you prof Hillier.
You're welcome, Omar.
Great
Thanks!
prof hiller would u help me solve this
the latest dividend paid by angus company is 40 cents and the company retains 25percent of its earnings each year,which is invested to earn a rate of return of 20percent pa. assuming the req rate of return on angus companys shares is 15percent what will the price of angus shares be
the answer is 4.20 since its written at the back of the book but how to get to that answer is what i do not get