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Dividends on CCN corporation are expected to grow at a 9% per year. Assume that the discount rate on CCN is 12% and that the

Dividends on CCN corporation are expected to grow at a 9% per year. Assume that the discount rate on CCN is 12% and that the expected dividend per share in one
year is $0.50. CCN has just paid a dividend, so the next dividend is the $0,50 to be paid one year from now.
Assume that CCN's return on equity (ROE) is 12%. What fraction of earnings must CCN be plowing back into the company?
*Make sure to input all fraction answers as such: (numerator)/(denominator)
=1/2

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