Ping inc projects a rate of return on equity of 20


PING, INC. projects a rate of return on equity of 20%. Management plans to pay 70% of earnings as dividends. Earnings this year will be $3 per share, and investors expect a 12 rate of return on the stock. Calculate the sustainable growth rate. Please show work.

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Financial Management: Ping inc projects a rate of return on equity of 20
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