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Capital at start of planning period = $320 Asset at start of planning period = $3,520 Dividend ratio = 40% Asset growth rate = 12%

Capital at start of planning period = $320 Asset at start of planning period = $3,520 Dividend ratio = 40% Asset growth rate = 12% ROE = 15% Forecasted leverage multiplier = 10 What is the capital ratio next period?

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