Question
Florida International Bank (FIB) has a net profit margin of 6.25 percent. It has an asset utilization ratio of 40 percent and has an equity
Florida International Bank (FIB) has a net profit margin of 6.25 percent. It has an asset utilization ratio of 40 percent and has an equity multiplier of 14. It retains 30 percent of its earnings each year. What is this bank's internal capital growth rate?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
