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(Measuring growth) Thomas, Inc.'s return on equify is 16 percent and management has plans to retain 24 percent of eamings for investment in the company.

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(Measuring growth) Thomas, Inc.'s return on equify is 16 percent and management has plans to retain 24 percent of eamings 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 33 percent or (ii) decreased retention to 15 percent

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