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FCR Company has just reported earnings of $16 million and plans to pay out a dividend of 55% of its earnings. FCR Company has just

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FCR Company has just reported earnings of $16 million and plans to pay out a dividend of 55% of its earnings.

FCR Company has just reported earnings of $16 million and plans to pay out a dividend of 55% of its earnings. FCR Company's ROE is 12%. The discount rate is 16%. What is FCR Company's expected growth rate? 7.2% 5.4% 8.8% 6.6%

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