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Business Finance SPR 2021 CRN 20743 Homework: Chapter 10 Homework Score: 1 of 3 pts 2 of 5 (4 complete) BP10-8 (similar to) (Measuring growth)

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Business Finance SPR 2021 CRN 20743 Homework: Chapter 10 Homework Score: 1 of 3 pts 2 of 5 (4 complete) BP10-8 (similar to) (Measuring growth) Thomas, Inc.'s return on equity is 18 percent and management has plans to retain 23 percent of earnings for investment in the company. a. What will be the company's growth rate? b. How would the growth rate change if management (1) increased retained eamings to 31 percent or (ii) decreased retention to 13 percent? a. The company's growth rate will be % (Round to two decimal places.)

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