Question
Johnson Products earned $4.30 per share last year and paid a $1.65 per share dividend. If ROE was 16 percent, what is the sustainable growth
Johnson Products earned $4.30 per share last year and paid a $1.65 per share dividend. If ROE was 16 percent, what is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
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Public Finance
Authors: Harvey S Rosen
6th Edition
0072374055, 978-0072374056
