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Measuring growth) If the StanfordCorporation's net income is $190 million, its common equity is $848 million, and management plans to retain 63 percent of thefirm's

Measuring growth)If the StanfordCorporation's net income is $190 million, its common equity is $848 million, and management plans to retain 63 percent of thefirm's earnings to finance newinvestments, what will be thefirm's growthrate?

A. Thefirm's growth rate will be ---%. (Round to two decimalplaces.)

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