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Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.03 per share. Hornberger has a return on

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Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.03 per share. Hornberger has a return on equity of 11.60%. What percentage of its earnings does Hornberger plow back into the firm? (Round your answer to 2 decimal places.) Plowback ratio % Dishwasher's Delights plows back 69.00% of its earnings to take on projects that earn the firm a rate of return of 13.00%. Dishwasher's stockholders require a return of 12.50% on their common stock. Earnings per share are expected to be $4.00 next year. a. What is the expected growth rate for Dishwasher's common stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Growth rate

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