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2 Score: 0 of 3 pts 2 of 5 (0 complete) HW Score: 0%, 0 of 11 pts P10-8 (similar to) Question Help (Measuring growth)
2 Score: 0 of 3 pts 2 of 5 (0 complete) HW Score: 0%, 0 of 11 pts P10-8 (similar to) Question Help (Measuring growth) Thomas, Inc.'s return on equity is 14 percent and management has plans to retain 24 percent of earnings for investment in the company. a. What will be the company's growth rate? b. How would the growth rate change if management () increased retained earnings to 31 percent or (ii) decreased retention to 13 percent? a. The company's growth rate will be %. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. Clear All Check Answer 2 parts remaining
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