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samualson samualson
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5 years ago
Southland Tours has net income of $2 million this year. The book value of Southland Tours common equity is $8 million dollars. The company's dividend payout ratio is 60% and is expected to remain this way. What is Southland Tours' internal growth rate?
A) 6%
B) 9%
C) 10%
D) 15%
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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DeanaRayDeanaRay
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#1
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samualson Author
wrote...
#2
5 years ago
Ready for finals now Monkey
wrote...
#3
5 years ago
Good luck my friend!
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