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A retention rate of 75% and a ROE of 16% implies sustainable growth of ___. Sustainable growth = Retention ROE = 0.60 16% = 12%.

A retention rate of 75% and a ROE of 16% implies sustainable growth of ___.

Sustainable growth = Retention ROE = 0.60 16% = 12%.

my question is where did we get the 0.60?

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