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24 If the Moran Corp. has an ROE of 11 percent and a payout ratio of 20 percent, what is its sustainable growth rate? (Do

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24 If the Moran Corp. has an ROE of 11 percent and a payout ratio of 20 percent, what is its sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 3 points & Answer is complete but not entirely correct. Sustainable growth rate 8.80 X %

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