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what does it mean when ROE is greater than k (required return). should you keep more or less of its earnings? would it make sense
what does it mean when ROE is greater than k (required return). should you keep more or less of its earnings? would it make sense to reinvest? why?
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Corporate Finance
Authors: Jonathan Berk and Peter DeMarzo
3rd edition
978-0132992473, 132992477, 978-0133097894
