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The Cammack Corporation wants to achieve a steady 7 percent growth rate. If it can achieve a return on equity of 13 percent, what percentage
The Cammack Corporation wants to achieve a steady 7 percent growth rate. If it can achieve a return on equity of 13 percent, what percentage of earnings must Cammack retain for investment purposes?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
