The market price of Jhakas Ltd. is ₹ 200 per share as per Gordon Model. EPS is ₹ 20 per share. The cost of capital is 11%. The rate of return on investment is 12%. What is the retention ratio?

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The market price of Jhakas Ltd. is ₹ 200 per share as per Gordon Model. EPS is ₹ 20 per share. The cost of capital is 11%. The rate of return on investment is 12%. What is the retention ratio?