The Watermelon Patch has a retention ratio of 0.75,dividends of $50,000,and total equity of $3.5 million.What is the firm's sustainable rate of growth?
A) 1.58 percent
B) 4.29 percent
C) 6.30 percent
D) 7.38 percent
E) 8.54 percent
Correct Answer:
Verified
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