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(Measuring growth) Thomas, Inc.'s rotum on equity is 14 percont and management has piars to retain 22 percent of eamings for invesirnert in the cerfekty.

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(Measuring growth) Thomas, Inc.'s rotum on equity is 14 percont and management has piars to retain 22 percent of eamings for invesirnert in the cerfekty. a. What will be the company's growth rate? b. How would the growth rate chango if management (i) increased retainod earrings to 31 percent or (i) decreased retertion to 14 percent? a. The company's growth rate will be \%. (Round to two decimal places.)

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