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Exercise #1 Year 1 Net income-vear ended 12/31 Dividends Return on net operating assets $12,500 3,000 13% 15% 12% eturn on equity Cost of equity
Exercise #1 Year 1 Net income-vear ended 12/31 Dividends Return on net operating assets $12,500 3,000 13% 15% 12% eturn on equity Cost of equity What is Yutter's sustainable equity growth rate? A. 9.12% B. 9.88% C. 11.4% D. 12.0%
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