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Stock M Stock N ROE 12% 12% Retention Rate 60% 30% Required return 12% 12% Expected dividends $1.00 $1.75 Which stock is sensitive to change
Stock M Stock N
ROE 12% 12%
Retention Rate 60% 30%
Required return 12% 12%
Expected dividends $1.00 $1.75
Which stock is sensitive to change required rate of return?
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Inside And Outside Liquidity
Authors: Bengt Holmstroem, Jean Tirole
1st Edition
0262518538, 9780262518536
