1. The details regarding the 3 companies are given below:ParticularsXLtd.YLtd.Z Ltd.Return on11%6%896investmentCost of equity8%8%89Earnings per shareRs. 10Rs. 10Rs. 10Compute the value of an equity share of each of these companies applying Gordon'sequation when dividend pay-out ratio is :(a) 0%(b) 100%
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