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SAM Technology had AED 640,000,000 of retained earnings on December 31, 2012. The company paid common dividends of AED 30,000,000 in 2012 and had retained earnings of AED 500,000,000 on December 31, 2011. How much did SAM Technology earn during 2012, and what would earnings per share be if 40,000,000 shares of common stock were outstanding?
What are the assumptions of MM(Modigliani Miller) approach?
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