Miller Juice traditionally pays out 35% of its earnings as dividends.Last year Miller's earnings available for common stockholders were $256 million and the book value of its equity was $678 million.What is Miller's growth rate?

Name: Miller Juice traditionally pays out 35% of its earnings as dividends.Last year Miller's earnings available for common stockholders were $256 million and the book value of its equity was $678 million.What is Miller's growth rate?
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Question

Quizplus · Accepted Answer

(256/678)(1-.35)= .2454

Miller Juice Traditionally Pays Out 35% of Its Earnings as Dividends.Last