Question
Hawaiian corporation expects this years net income to be $12 million. the firm's target debt/assets ratio is 30 percent. this year, Hawaiian has $20 million
Hawaiian corporation expects this years net income to be $12 million. the firm's target debt/assets ratio is 30 percent. this year, Hawaiian has $20 million profitable investment opportunity's. According to the residual dividend policy, what should be Hawaiian's dividend payout ratio this year?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
