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(Measuring growth) If the Stanford Corporation's not income is $232 million, its common equity is $900 million, and management plans to retain 65 percent of

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(Measuring growth) If the Stanford Corporation's not income is $232 million, its common equity is $900 million, and management plans to retain 65 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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