Question
Montana Joe Corp. had net income of $15,400 last year, paid out $6,800 in dividends, and wants to maintain the same dividend payout ratio in
Montana Joe Corp. had net income of $15,400 last year, paid out $6,800 in dividends, and wants to maintain the same dividend payout ratio in the future.
At the beginning of last year, the company had a book value of debt of $38,000 and a book value of equity of $59,000.
What is the sustainable growth rate?
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Quantum Economics And Finance
Authors: David Orrell
3rd Edition
1916081630, 978-1916081635
