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Ipswich Biotech has expected earnings of $2.75 per share and a market capitalization rate of 8%. Earnings are expected to grow at 7% per year

Ipswich Biotech has expected earnings of $2.75 per share and a market capitalization rate of 8%. Earnings are expected to grow at 7% per year indefinitely. The firm has a 60% plowback ratio. By how much does the firm's ROE exceed the market capitalization rate?

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