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Question 3 Fortress of Solitude Co. expects an earnings per share of $2.61 and reinvests 30% of its earnings. Management projects a rate of return

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Question 3 Fortress of Solitude Co. expects an earnings per share of $2.61 and reinvests 30% of its earnings. Management projects a rate of return of 8% on new projects and investors expect a 8% rate of return on the stock. What is the sustainable growth rate? Enter your answer as a percentage. Do not include the percentage sign in your answer. 1 point Enter your response below rounded to 2 DECIMAL PLACES. Number % Click "Verify" to proceed to the next part of the question. Section Attempt 1 of 1 Verify

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