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Determine the earnings yield

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Reference no: EM133170008

Question - Consider the following information provided by Bestco Pty Ltd:

Net profit before tax $1,600,000

Tax rate 30%

10% Preference shares $2,000,000

Market price of an ordinary share $1.34 each

Market price of a preference share $0.82 each

Ordinary shares @ $1.50 each as per the accounts $3,000,000

Required - Determine the earnings yield?

Reference no: EM133170008

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