A company's Book Value is $75 million.Last year it produced an (after-tax) ROE of 20%.If its dividend

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A company's Book Value is $75 million.Last year it produced an (after-tax) ROE of 20%.If its dividend pay-out ratio is 40%, its Retained Earnings were:

a)$6 million

b)$9 million

c)$15 million

d)$30 million

Posted Date: May 18, 2024 09:03 PM

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A company's Book Value is $75 million.Last year it produced an (after-tax) ROE of 20%.If its dividend

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