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Con Ed reported a net income (NI) of $600 million and free cash flows to equity (FCFE) of $400 million for the most recent financial

Con Ed reported a net income (NI) of $600 million and free cash flows to equity (FCFE) of $400 million for the most recent financial year. If the companys return on equity (ROE) is 9%, Con Eds fundamental growth rate in the FCFE is ____ 12.00% 6.00% 3.00% 9.00%

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