Question
Your company has a residual dividend policy, a constant debt to equity ratio of 1.5, and earnings of 60k$. What is the maximum capital outlay
Your company has a residual dividend policy, a constant debt to equity ratio of 1.5, and earnings of 60k$. What is the maximum capital outlay you can undertake without issuing new equity? What is the dividend if capital outlays are 110k$ ?
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Introduction To Personal Finance
Authors: John E Grable, Lance Palmer
1st Edition
1119626633, 9781119626633
