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Rondo Corp. has an ROE of 13 percent and a payout ratio of 15 percent. What is its sustainable growth rate? (Do not round intermediate

Rondo Corp. has an ROE of 13 percent and a payout ratio of 15 percent.

What is its sustainable growth rate? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

It is stating that 11.05 is not the answer. help.

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