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Help please! I did the calculations as I thought I should. =14.1% * (1-40%) = .0846 =8.46 but it says its wrong. The Iron River
Help please! I did the calculations as I thought I should. =14.1% * (1-40%) = .0846 =8.46 but it says its wrong.
The Iron River Company has an ROE of 14.1 percent and a payout ratio of 40 percent. What is the company's sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correctStep by Step Solution
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