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A stock has a required return of 14%, and a retention rate of 40%. The stocks price-earnings multiple (P/E) is 14. What is the stocks
A stock has a required return of 14%, and a retention rate of 40%. The stocks price-earnings multiple (P/E) is 14. What is the stocks estimated growth rate?
A). 6%
B). 7%
C). 8%
D). 9%
E). 10%
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