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The market capitalization rate for Admiral Motors Company is 6 % . Its expected ROE is 1 2 % and its expected EPS is $

The market capitalization rate for Admiral Motors Company is 6%. Its expected ROE is 12% and its expected EPS is $6. 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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