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(Measuring growth) Thomas, Inc.'s return on equity is 18 percent and management has plans to retain 22 percent of earnings for Investment in the company

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(Measuring growth) Thomas, Inc.'s return on equity is 18 percent and management has plans to retain 22 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 (1) increased retained earnings to 31 percent or (1) decreased retention to 11 percent

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