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ABC Corp enjoys growth in earnings only to the extent that it retains earnings. Its earnings growth is 15% and retained earnings ratio is 70%.

ABC Corp enjoys growth in earnings only to the extent that it retains earnings. Its earnings growth is 15% and retained earnings ratio is 70%. What is its return on retained earnings? Choose the nearest answer.

a.

21%

b.

70%

c.

11%

d.

55%

e.

15%

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