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Score: 0 of 1 pt 5 of 14 (0 complete) HW Score: 0%, 0 of 14 pts Problem 8-9 (similar to) Question Help (Measuring growth)

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Score: 0 of 1 pt 5 of 14 (0 complete) HW Score: 0%, 0 of 14 pts Problem 8-9 (similar to) Question Help (Measuring growth) The Cammack Corporation wants to achieve a steady 6 percent growth rate. If it can achieve a return on equity of 13 percent, what percentage of earnings must Cammack retain for investment purposes? The percentage of earnings Cammack must retain (or the profit-retention rate) is % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check

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