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    Sep 27, 2013, 11:51 PM
    ordinary shares
    A company has expected earnings per share EPS of R6.60, which an increase from R5.99 in the current year. The companys current share price is R50 and floatation costs are expwcted to be R10. The total value of the company is R350 000. Calculate the cost of existing shareholders is 40% of its retained earnings are paid as dividends.

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