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Half of a Rs 12 EPS is paid out; r is 15% and ke 10%. What does Walter's formula give?

ARs 120
BRs 90
CRs 150
DRs 60
Answer & Solution
Correct answer: C. Rs 150
P = (6 + 0.15 x 6 / 0.10) / 0.10 = (6 + 9) / 0.10 = Rs 150.
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