Question
a company has operating income of $367000 and is in a tax bracket of 30%. Last year it issued bonds with a coupon rate of
a company has operating income of $367000 and is in a tax bracket of 30%. Last year it issued bonds with a coupon rate of 7%. it divident payout rate is 35%. What is it retained earning?
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
