Business
Business, 25.11.2021 06:20, semily74

Web Cites Research projects a rate of return of 20% on new projects. Management plans to plow back 20% of all earnings into the firm. Earnings this year will be $6 per share, and investors expect a rate of return of 12% on stocks facing the same risks as Web Cites. a. What is the sustainable growth rate

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