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Problem 3-6 Sustainable Growth If the Moran Corp. has an ROE of 14 percent and a payout ratio of 16 percent, what is its sustainable

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Problem 3-6 Sustainable Growth If the Moran Corp. has an ROE of 14 percent and a payout ratio of 16 percent, what is its sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Sustainable growth rate 11.76 %

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