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Indicate whether the following statement is true or false. Provide explanation or calculation to support your answer. 4. Hancock Inc. retains most of its earnings.

Indicate whether the following statement is true or false. Provide explanation or calculation to support your answer. 4. Hancock Inc. retains most of its earnings. The company currently has earnings per share of $11. Hancock expects its earnings to grow at a constant rate of 2 percent per year. Furthermore, the average PE ratio of all other firms in Hancock

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