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Johnson Products earned $5.00 per share last year and paid a dividend of $1.90 per share. If ROE was 11 percent, what is the sustainable

Johnson Products earned $5.00 per share last year and paid a dividend of $1.90 per share. If ROE was 11 percent, what is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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