问题
单项选择题
An analysis of the industry reveals that firms have been paying out 45 percent of their earnings in dividends, asset turnover = 1.2 ; asset-to-equity (A/E) = 1.1 and profit margins are 8 percent. What is the industry' s projected growth rate（）
A. 4.55%.
B. 4.95%.
C. 5.81%.
答案
参考答案：C
解析：
ROE = profit margin×asset turnover× A/E =0.08×1.2×1.1 =0.1056. RR = 1 -0.45 =0.55. g = ROE×RR =0.1056×0.55 =0.0581.