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A venture started the year with $20 million in book value of equity. It plans no intermediate equity injections or withdrawals and projects net income
A venture started the year with $20 million in book value of equity. It plans no intermediate equity injections or withdrawals and projects net income of $2 million for the year. It will pay a $500,000 (25%) dividend at the beginning of the next period and retain $1,500,000 (75%)
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