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New Orleans Builders Inc. has the following data. If it follows the residual dividend model, what is its forecasted dividend payout ratio? Capital budget $7,500
New Orleans Builders Inc. has the following data. If it follows the residual dividend model, what is its forecasted dividend payout ratio?
| Capital budget | $7,500 |
| % Debt | 40% |
| Net income (NI) | $7,500 |
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
