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Given that a firm's return on equity is 24 percent and management plans to retain 45 percent of earnings for investment purposes, what will be

Given that a firm's return on equity is 24 percent and management plans to retain 45 percent of earnings for investment purposes, what will be the firm's growth rate? If the firm decides its retention rate, what will happen to the value of its common stock? a. The firm's growth rate will be.

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