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Shield Corp. expects an earnings per share of $114 and reinvests 20% of its earnings. Management projects a rate of return of 13% on new

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Shield Corp. expects an earnings per share of $114 and reinvests 20% of its earnings. Management projects a rate of return of 13% on new projects and investors expect a 10% rate of return on the stock. What is the sustainable growth rato? Enter your answer as a percentage. Do not include the percentage sign in your answer Enter your response below rounded to 2 DECIMAL PLACES Number

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