The newspaper reported last week that Jernigan Enterprises earned $31.5 million this year. The report also stated
Question:
The newspaper reported last week that Jernigan Enterprises earned $31.5 million this year. The report also stated that the firm’s return on equity is 13 percent. The firm retains 75 percent of its earnings. What is the firm’s earnings growth rate? What will next year’s earnings be?
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The growth rate of earnings is the return on equity times the r...View the full answer
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Related Book For 
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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