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Intro CM Tronic has current earnings per share of $1.37, a stock price of $50.72, a return on equity of 12% and a beta of

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Intro CM Tronic has current earnings per share of $1.37, a stock price of $50.72, a return on equity of 12% and a beta of 1.2. The risk-free rate is 4% and the expected market risk premium is 4.5%. Part 1 Attempt 1/1 for 10 pts. What growth rate of earnings (and dividends) is consistent with the company's return on equity and its policy of reinvesting 80% of earnings? 3+ decimals Submit

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