Question
A firm retains 80% of its annual earnings for reinvestment in new projects and has a 15% annual return on its equity capital (i.e. ROE
A firm retains 80% of its annual earnings for reinvestment in new projects and has a 15% annual return on its equity capital (i.e. ROE = 15%). What is the firm's annual per-share growth rate?
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| a) | 12% |
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| b) | 15% |
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| c) | 18% |
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| d) | 20% |
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Ecological Money And Finance
Authors: Thomas Lagoarde-Segot
1st Edition
3031142314, 978-3031142314
