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The aggregate market currently has a retention ratio of 60 percent, a required rate of return of 12 percent, and an expected growth rate for

image text in transcribed The aggregate market currently has a retention ratio of 60 percent, a required rate of return of 12 percent, and an expected growth rate for dividends of 4 percent. S8. Refer to Exhibit C. What is the current earnings multiplier? a. 2.5 b. 5.0 c. 7.5 d. 10.0 e. 12.5

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