The newspaper reported last week that Bennington Enterprises earned $29 million this year. The report also stated

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The newspaper reported last week that Bennington Enterprises earned $29 million this year. The report also stated that the firm's return on equity is 17 percent. Bennington 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: 978-0077861759

11th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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