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Tinsley, Incorporated, wishes to maintain a growth rate of 15 percent per year and a debt-equity ratio of .6. The profit margin is 6.3 percent,
Tinsley, Incorporated, wishes to maintain a growth rate of 15 percent per year and a debt-equity ratio of .6. The profit margin is 6.3 percent, and the ratio of total assets to sales is constant at 1.60.
What dividend payout ratio is necessary to achieve this growth rate under these constraints?
| What is the maximum growth rate possible? |
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