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mlee52381 mlee52381
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A month ago
Suppose a firm's price/earnings ratio is 12. It has just paid a dividend of $2 per share to maintain a 40% payout ratio. What is the firm's return on equity if its price is $65?

▸ 38.89%

▸ 13.89%

▸ 20.83%

▸ 34.25%
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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nancy123nancy123
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A month ago
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