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Please explain why plowback ratio is .667. According to the formula: internal growth rate = plowback * roe*(equity/asset), plowback ratio is 0.333333, why selected 0.6667?
Please explain why plowback ratio is .667. According to the formula: internal growth rate = plowback * roe*(equity/asset), plowback ratio is 0.333333, why selected 0.6667?
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