Medtronic Company has an expected ROE of 16%.The dividend growth rate will be ________ if the firm follows a policy of paying 70% of earnings in the form of dividends.
A)3.0%
B)6.0%
C)7.2%
D)4.8%
E)none of the above

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The Answer of Medtronic Company has an expected ROE of 16%.The dividend growth rate will be ________ if the firm follows a policy of paying 70% of earnings in the form of dividends.
A)3.0%
B)6.0%
C)7.2%
D)4.8%
E)none of the above

Medtronic Company Has an Expected ROE of 16