Question
9) A firm has an ROE of 15% and a debt-equity ratio of 40%. If it wishes to grow by 9% a year without external
9) A firm has an ROE of 15% and a debt-equity ratio of 40%. If it wishes to grow by 9% a year without external financing, what is the maximum proportion of earnings that it can pay out?9) _______
A) 12% B) 1% C) 16% D) 10%
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The Handbook Of Municipal Bonds
Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
