问答题
(a) Calculate the equity value of NN Co using the following business valuation methods:
(i) the dividend growth model;
(ii) net asset value. (5 marks)
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问答题
(b) Calculate the after-tax cost of debt of NN Co. (4 marks)
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问答题
(c) Calculate the weighted average after-tax cost of capital of NN Co. (6 marks)
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问答题
(d) Discuss the factors to be considered in formulating the dividend policy of a stock-exchange listed company. (10 marks)