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XYZ Inc. has expected earnings over the next year of $2/share (E1=2). the company is expected to maintain an earnings retention rate of 40%, i.e.,
XYZ Inc. has expected earnings over the next year of $2/share (E1=2). the company is expected to maintain an earnings retention rate of 40%, i.e., 60% of earnings are expected to be [aid out as dividends every year. The company has a beta of 1.5, the risk-free rate is 4%, and the market risk premium is also 4%. If the ROE is expected to be 10%, what is the implied growth rate
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Infrastructure Planning And Finance
Authors: Vicki Elmer, Adam Leigland
1st Edition
0415693187, 978-0415693189
