Question
Miami Book Publishers (MBP) just reported earnings of $20 million, and it plans to retain 35 percent of its earnings. If MBP's historical return on
Miami Book Publishers (MBP) just reported earnings of $20 million, and it plans to retain 35 percent of its earnings. If MBP's historical return on equity (ROE) was 15 percent, what is the expected growth rate for MBP's earnings?
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Corporate Finance With Powerweb
Authors: Stephen A. Ross
6th Edition
0072503637, 978-0072503630
