number of shares in circulation: 35000
earnings at the end of this year: £25 million
earnings at the end of next year: £40 million
investment paid at the end of this year: £10 million
unleveraged firm
RRR= 16%
ALL spare cash paid as dividends
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number of shares in circulation: 35000
earnings at the end of this year: £25 million
earnings at the end of next year: £40 million
investment paid at the end of this year: £10 million
unleveraged firm
RRR= 16%
ALL spare cash paid as dividends
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