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ILU A company's Book Value is $75 million. Last year it produced an (after-tax) ROE of 20%. If its dividend pay- out ratio is 40%,

ILU A company's Book Value is $75 million. Last year it produced an (after-tax) ROE of 20%. If its dividend pay- out ratio is 40%, its Retained Earnings were: $6 million $9 million $15 million $30 million Focus

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