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Eastern Electric currently pays a dividend of about $1.64 per share and sells for $27 a share. If its dividend growth rate is 5.9 %,

Eastern Electric currently pays a dividend of about $1.64 per share and sells for $27 a share. If its dividend growth rate is 5.9 %, and the payout ratio is 0.61 , what must be the ROE of the firm?

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