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Media Music Inc. reported earnings of $42 million. It plans to retain 45% of its earnings and pay out the rest as cash dividends to
Media Music Inc. reported earnings of $42 million. It plans to retain 45% of its earnings and pay out the rest as cash dividends to its shareholders. Its recent return on equity (ROE) is .18, a figure that is expected to continue in the future. How much will the firm's earnings grow over the year?
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