SEMESTER 1 2023
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Workings
D0(1+g) 1.65(1+0.05)
Value (V0) = = (0.10875−0.05) = 29.49
(Ke−g)
Where D0:
Total dividends = 0.15 x 550 000 = 82 500
Dividend per share = 82 000 = 1.65
Ke = 3 + 0.75(10.5) = 10.875