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The market capitalization rate for Admiral Motors Company is 7%. Its expected ROE is 10% and its expected EPS is $5. The firm's plowback ratio

image text in transcribed The market capitalization rate for Admiral Motors Company is 7\%. Its expected ROE is 10% and its expected EPS is $5. The firm's plowback ratio is 60%. 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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