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A firm has an ROE of 11% and an ROA of 3.5%. What is the sustainable growth rate if the firm has a 70% retention

A firm has an ROE of 11% and an ROA of 3.5%. What is the sustainable growth rate if the firm has a 70% retention ratio? Select one: A a. 4.60% b. 3.31% C. 9.19% d. 8.34% e. 3.09%

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