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32. Bavarian Sausage traditionally retains 65% of its earnings for future investments. Last year Bavarian's return on equity was 15%. What is Bavarian's growth rate?

32. Bavarian Sausage traditionally retains 65% of its earnings for future investments. Last year Bavarian's return on equity was 15%. What is Bavarian's growth rate? a. 15.00% b. 9.75% c. 5.25% d. 18.38%

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