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Second National Bank is forecasting a return on equity of 1 5 percent for this year. The board of directors wants to maintain its current

Second National Bank is forecasting a return on equity of 15 percent for this year. The board of directors wants to maintain its current policy of paying the bank's stockholders 40 percent of any net earnings the bank will earn. How fast will the bank's capital grow?
Question 13 options:
A)
6 percent
B)
9 percent
C)
8 percent
D)
15 percent

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