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A company is expected to retain 57 percent of its earnings each year forever and pay out the remainder in cash dividends. The company currently

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A company is expected to retain 57 percent of its earnings each year forever and pay out the remainder in cash dividends. The company currently has earnings equal to 6 percent of equity. Based on these numbers, what is the company's sustainable growth rate? Write your answer out to three decimals - for example, you should write 10.7% as 107

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