Assume that the following ratios are constant. 1.57 6.5% Total asset turnover Profit margin Equity...
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Finance
Assume that the following ratios are constant. 1.57 6.5% Total asset turnover Profit margin Equity multiplier Payout ratio 1.7 67% Required: What is the maximum growth rate if the firm keeps the debt-to-equity ratio constant and avoids issuing any new shares of stock? (Do not round your intermediate calculations.)
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