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A stock has a return on equity of 6.8% and a plowback ratio of 45%. What is the sustainable growth rate? Enter you answer as

A stock has a return on equity of 6.8% and a plowback ratio of 45%. What is the sustainable growth rate? Enter you answer as a percentage. Do not include the percentage sign in your answer.

Enter your response below rounded to 2 DECIMAL PLACES.

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