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(Measuring growth) If the Stanford Corporation's net income is $252 million, its common equity is $883 million, and management plans to retain 75 percent of

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(Measuring growth) If the Stanford Corporation's net income is $252 million, its common equity is $883 million, and management plans to retain 75 percent of the firm's earnings to finance new investments, what will be the firm's growth rate? The firm's growth rate will be %. (Round to two decimal places.)

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