Hark plc. paid 80 pence per share as dividend to its shareholders last year. The share price of Hark plc. was 500 pence

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answerhappygod
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Hark plc. paid 80 pence per share as dividend to its shareholders last year. The share price of Hark plc. was 500 pence

Post by answerhappygod »

Hark plc. paid 80 pence per share as dividend to its
shareholders last year. The share price of Hark plc. was 500 pence
at the end of last year. Given the arithmetic return of the share
was 25% over last year. What was the share price at the beginning
of last year?
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