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Calculate the sustainable earnings growth rate for a firm with ROE of 16.4% and earnings retention rate of 0.4. Note: Enter your answer in percentages

Calculate the sustainable earnings growth rate for a firm with ROE of 16.4% and earnings retention rate of 0.4. Note: Enter your answer in percentages rounded to the nearest first digit after the decimal point. For example, if the calculated sustainable earnings growth rate is 0.06878 or 6.878% enter it as: 6.9

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