Growth Rate The newspaper reported last week that Bennington Enterprises earned $34 million this year. The report

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Growth Rate The newspaper reported last week that Bennington Enterprises earned $34 million this year. The report also stated that the firm’s return on equity is 16 percent. Bennington retains 80 percent of its earnings. What is the firm’s earnings growth rate? What will next year’s earnings be?

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Corporate Finance With Connect Access Card

ISBN: 978-1259672484

10th Edition

Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe

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