Internal Growth. An all-equityfinanced firm plans to grow at an annual rate of at least 10 percent.
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Internal Growth. An all-equity–financed firm plans to grow at an annual rate of at least 10 percent. Its return on equity is 15 percent. What is the maximum possible dividend payout rate the firm can maintain without resorting to additional equity issues?
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Related Book For 
Study Guide To Accompany Fundamentals Of Corporate Finance
ISBN: 9780073012421
5th Edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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