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Q2 E If Pepperdine, Inc.'s return on equity is 19 percent and the management plans to retain 59 percent of earnings for investment purposes, what

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If Pepperdine, Inc.'s return on equity is 19 percent and the management plans to retain 59 percent of earnings for investment purposes, what will be the firm's growth rate? The firm's growth rate will be %. (Round to two decimal places.)

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