Problem 3-14 Sustainable Growth Rate (LG3-6) Last year Lakeshas Lounge Furniture Corporation had an ROE of 19.0 percent and a dividend payout ratio of 28
Problem 3-14 Sustainable Growth Rate (LG3-6)
| Last year Lakeshas Lounge Furniture Corporation had an ROE of 19.0 percent and a dividend payout ratio of 28 percent. What is the sustainable growth rate? |
| What is the sustainable growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Sustainable growth rate______________ | % |
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Authors: André Dorsman, Özgür Arslan-Ayaydin, Mehmet Baha Karan
1st Edition
3319322664, 978-3319322667
