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A company is expected to have earnings per share of $3.61 this year and to pay a dividend of $2.17. The discount rate for the
A company is expected to have earnings per share of $3.61 this year and to pay a dividend of $2.17. The discount rate for the stock is 14.4% and the rate of return on reinvested earnings is 20.8%. What is the sustainable growth rate? Enter your answer as a percentage. Do not include the percentage sign in your answer.
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