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1. (Measuring growth)If Pepperdine, Inc.'s return on equity is 18 percent and the management plans to retain 63 percent of earnings for investment purposes, what

1. (Measuring growth)If Pepperdine, Inc.'s return on equity is 18 percent and the management plans to retain 63 percent of earnings for investment purposes, what will be the firm's growth rate?

The firm's growth rate will be enter your response here___%.

(Round to two decimal places.)

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