Question
A firm wishes to maintain a growth rate of 10 percent and a dividend payout ratio of 68 percent. The ratio of total assets to
| A firm wishes to maintain a growth rate of 10 percent and a dividend payout ratio of 68 percent. The ratio of total assets to sales is constant at 1, and the profit margin is 9.6 percent. If the firm also wishes to maintain a constant debt-equity ratio, what must it be? |
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Mathematical Control Theory And Finance
Authors: Andrey Sarychev, Albert Shiryaev, Manuel Guerra, Maria Do Rosário Grossinho
2008th Edition
3540695311, 978-3540695318
