The value of firm is 794 million that has a dividend payout


The value of a firm is 7.94 million that has a dividend payout ratio of 100 percent, (b) that is expected to generate net income each year? (forever) of $1.31 ?million, and? (c) that has a required equity return? (also the? ROE) of 16.5 ?percent? Now suppose the firm has a payout ratio of 29 percent. Given the earnings? retention, what will be next? year's dividend?

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Financial Management: The value of firm is 794 million that has a dividend payout
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