Question
(Measuring growth) Given that a firm's return on equity is 16 percent and management plans to retain 42 percent of earnings for investment purposes, what
(Measuring growth) Given that a firm's return on equity is 16 percent and management plans to retain 42 percent of earnings for investment purposes, what will be the firm's growth rate? (round to two decimal places)
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Airline Finance
Authors: Peter S. Morrell
3rd Edition
0815387520, 9780815387527
