Question
Brandford Co. has net income of $320,000, total equity of $700,000, a dividend payout ratio of 60 percent, and an equity multiplier of 1.20. What
Brandford Co. has net income of $320,000, total equity of $700,000, a dividend payout ratio of 60 percent, and an equity multiplier of 1.20. What is the internal rate of growth?
| 16.41% | ||
| 17.98% | ||
| 18.33% | ||
| 18.78% | ||
| 19.15% |
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
7th Edition
0030333288, 9780030333286
