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You’ve recently learned that the company where you work is being sold for $275000 The company’s income statement indicates current profits of

You’ve recently learned that the company where you work is  being sold for $275,000. The company’s income statement indicates current  profits of $10,000, which have yet to be paid out as dividends. Assuming the  company will remain a “going concern” indefinitely and that the interest rate  will remain constant at 10 percent, at what constant rate does the owner  believe that profits will grow? Does this seem reasonable?

Apr 23 2020 View more View Less

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