As per the financial accounts for the last year, the company has paid dividend @ 20% . The paid up equity capital is 6,00,000 and 10% preference share capital 1,00,000. Operating profit is 4,00,000. The tax rate is 32%. The company expects a growth rate of 5%. Compute Value per Equity Share.
(a) Dividend Growth Approach.
(b) Dividend Approach.
(c) Earnings Growth Approach.
(d) Earning Approach.
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