Assume that for nokia the year-end number of shares

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  • Financial information for Nokia follows.
  • Net income (in millions) 260
  • Cash Dividends declared (in millions) 1,481
  • Cash Dividends declared per share 0.40
  • Number of shares outstanding (in million)* 3,708
  • Equity applicable to shares (in millions)

Assume that for Nokia the year-end number of shares outstanding approximates the weighted-average shares outstanding.

Required

1. Compute book value per share for Nokia

2. Compute earnings per (EPS) for Nokia

3. Compare Nokia's dividends per share with its EPS. Is Nokia paying out large or small amount of its income as dividends? Explain.

 

Reference no: EM13579332

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