Answer: $20
Step-by-step explanation:
First, the earnings per share will be:
= $600 mill / 100 mill shares
= $6 per share
Since the retention ratio is 20%, it means that the payout ratio = 100% - 20% = 80%.
Therefore, the dividend per share will be:
=$6 × 80%
= $6 × 0.8
=$4.80
We will calculate then calculate market price as:
Dividend yield =Dividend per share / Market price
0.04 =$4.80 / Market price
Market price =$4.80 / 0.04
Market price = $120
The price earnings ratio will be:
= Market price / EPS
= $120 / $6
= $20
Answer:
y=x+3
Step-by-step explanation:
11 is the answer to that question
Here is the working on this question.
The first question is a and the second is a
