Solutions to Chapter 1

When the mutual fund’s shareholders want to redeem their shares, the mutual fund is often forced to sell its securities. ... Stock A Stock B a. Payout ratio $1/$2 = 0.50 $1/$1.50 = 0.67 b. g = ROE ( plowback ratio 15% ( 0.5 = 7.5% 10% ( 0.333 = 3.33% c. ... It would not surprise you if someone managed to flip heads 18 out of 20 times. But it ... ................
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