The newspaper reported last week that Chen Enterprises earned $19.2 million this year. The report also stated

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The newspaper reported last week that Chen Enterprises earned $19.2 million this year. The report also stated that the firm’s return on equity is 12 percent. The firm retains 80 percent of its earnings. What is the firm’s earnings growth rate? What will next year’s earnings be?

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Corporate Finance

ISBN: 9781260772388

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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