1. 

   ActEdStudent Member

   In the part of the solution to this question that uses the discounted divided model, what does the 0.8 represent?

    

   ActEdStudent, Mar 29, 2008

   #1
2. 

   Ian Senator ActEd Tutor Staff Member

   To take the dividend from 2005 to 2006 (average of the 17 and 23 shown earlier).

    

   Ian Senator, Apr 1, 2008

   #2

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