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The company paid a dividend of $ 1 . 2 5 per share in 2 0 1 6 and a dividend of $ 1 .

The company paid a dividend of $1.25 per share in 2016 and a dividend of $1.58 in 2022. The company retained 40% of earnings each year and consistently had an roe=11%. what is the sustainable growth rate in dividends using the retention rate and ROE=11%?

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