National Co. forecasts that its earnings per share will be P4.00 this year. The company has 500,000,000 shares of stock outstanding. National Co. estimates that its capital budget for the upcoming year will be P800,000,000, and it is committed to funding the entire capital budget. The company is also committed to maintaining its dividend of P3.20 per share, and it wants to avoid issuing
National Co. forecasts that its earnings per share will be P4.00 this year. The company has 500,000,000 shares of stock outstanding. National Co. estimates that its capital budget for the upcoming year will be P800,000,000, and it is committed to funding the entire capital budget. The company is also committed to maintaining its dividend of P3.20 per share, and it wants to avoid issuing
Chapter14: Capital Structure Management In Practice
Section: Chapter Questions
Problem 24P
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