Question
In 2007, Adelaide Bank reported net income of $6 million on a book value of equity of $30 million as at the end of 2006.
In 2007, Adelaide Bank reported net income of $6 million on a book value of equity of $30 million as at the end of 2006. Adelaide Bank also paid out $2 million as dividends to equity investors and maintains its return on equity in the long run.
What is Adelaide Banks return on equity (ROE)? [ Select ] ["20%", "None of these", "15%", "30%", "25%"]
What is Adelaide Banks retention ratio? [ Select ] ["66.67%", "77%", "80%", "33.33%", "None of these"]
What is Adelaide Banks expected growth rate in earnings (choose the closest answer)? [ Select ] ["16%", "20%", "None of these", "15.40%", "13.40%"]
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