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The market capitalization rate for Admiral Motors Company is 12%. Its expected ROE is 15% and its expected EPS is $7. The firm's plowback ratio

image text in transcribed The market capitalization rate for Admiral Motors Company is 12%. Its expected ROE is 15% and its expected EPS is $7. The firm's plowback ratio is 40%. Required: a. Calculate the growth rate. (Input your answer as a nearest whole percent.) b. What will be its P/E ratio? (Do not round intermediate calculations.)

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