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1. Which of the following is not a return on equity?
Increase in share price
2. With regard to ordinary equity, which of the following would be regarded as “low”?
3. Which of the following represents the correct formula for calculating the maximum dividend payable?
=MAX(MIN(MAX(Retained Profits + NPAT, NPAT), Max Cash), 0)
=MIN(MAX(Retained Profits + NPAT, NPAT, 0), Max Cash)
=MIN(MAX(Retained Profits + NPAT, NPAT), Max Cash)
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