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A stock has a sustainable growth rate of 8.3% and a return on equity of 22.1%. What is the plowback ratio? Enter your answer as

A stock has a sustainable growth rate of 8.3% and a return on equity of 22.1%. What is the plowback ratio? Enter your 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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