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SuMMit Corpration has a dividend yield of 2%. Its equity cost of capital is 8% and its dividends are expected to grow at a constant

SuMMit Corpration has a dividend yield of 2%. Its equity cost of capital is 8% and its dividends are expected to grow at a constant rate.

What is the expected growth rate of Summit's dividends?

If Summit Corporation has a return on investment of 20%, what is Summit's reinvestment (i.e., retention) rate - in percentage terms?

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