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Exhibit 12.9
Use the Information Below for the Following Problem(S)
The aggregate market currently has a retention ratio of 60 percent, a required rate of return of 12 percent, and an expected growth rate for dividends of 4 percent.
-Refer to Exhibit 12.9.If the payout ratio changes to 50 percent,but there are no other changes,what will be the new P/E?
Plantar Flexion
The movement of the foot that increases the angle between the sole of the foot and the back of the leg, like pointing the toes.
Dorsiflexion
The movement that elevates the foot upwards towards the shin, decreasing the angle between the dorsum of the foot and the leg.
Circumduction
A circular movement of a limb or eye where the end follows a circular path.
Lateral Flexion
The movement of bending sideways at the waist or neck, reducing the angle between the side of the body or head and the arms or legs.
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