Corporation’s Price Earnings Assignment | Homework For You
Floro Corporation has 8,000,000 shares outstanding with a Market price of K3 per share. The company’s’ board of directors have decided to pay 60% of its last net earnings of k20,0000.0000 either as a cash dividend of stock repurchase.
What are the effects on the corporation’s Price Earnings of:
i. Cash dividend
ii. Stock repurchase. Get Finance homework help today