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( Measuring growth ) Thomas, Inc. ' s return on equity is 1 7 percent and management has plans to retain 2 4 percent of
Measuring growth Thomas, Inc.s return on equity is percent and management has plans to retain percent of earnings for investment in the company.
a What will be the company's growth rate?
b How would the growth rate change if management i increased retained earnings to percent or ii decreased retention to percent?
a The company's growth rate will be
Round to two decimal places.
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