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A stock has a sustainable growth rate of2.5% and a return on equity of 22.2%. What is the plowback ratio? Enter your answer as a

A stock has a sustainable growth rate of2.5% and a return on equity of 22.2%. What is the plowback ratio? Enter your answer as a percentage. Do not include the percentage sign in your answer.

Enter your response belowrounded to2 DECIMAL PLACES.

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