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Butler Inc.'s return on equity is 17% and management retains 75% of earnings for investment purposes. Based on this information, what will be the firm's

Butler Inc.'s return on equity is 17% and management retains 75% of earnings for investment purposes. Based on this information, what will be the firm's growth rate? (Please show your calcuation)

a) 4.25% b) 22.67% c) 44.12% d) 12.75%

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