Multiple Choice
Lester's has a return on equity of 11.6 percent,a profit margin of 6.2 percent,and a payout ratio of 35 percent.What is the firm's growth rate?
A) 13.74 percent
B) 7.54 percent
C) 11.09 percent
D) 8.77 percent
E) 9.71 percent
Correct Answer:
Verified
Correct Answer:
Verified
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