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A firm reinvests 53.88% of its earnings back into its business, which has a return on equity of 15.79%. The estimated growth rate of earnings
A firm reinvests 53.88% of its earnings back into its business, which has a return on equity of 15.79%. The estimated growth rate of earnings for this firm is:
(A) 8.51%
(B) 10.51%
(C) 12.51%
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