Hi Can anyone please help me with this question
I was looking at the answer for Question 2 in May 2009 P9, and i am a bit confused as to how the answer was arrived at for the actual return to the shareholders
This was the equation
( Share price for latest year - share price for previous year + Dt ( i assume this is Debt x Corp Tax rate) / share price for previous year
if you look at the answers provided, what i do not understand is where the figure for the Dt came from, the 19.2?
i understand the other figures, but i cannot figure out how the Dt figure came up
can someone please help??
I would greatly appreciate it
Thanks!
OHhh thank you soooooooo much, it was just one of those things so simple, right there in your face, but i just could not figure it out!!
Many thanks!!!!!!