Snider's Hardwoods adheres to a 40 percent dividend payout policy and has a return on assets of 11.3 percent.The firm's debt-equity ratio is .45.What is the firm's rate of growth?
A) 6.78%
B) 7.39%
C) 9.83%
D) 6.55%
E) 4.10%
Correct Answer:
Verified
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