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The newspaper reported last week that Bennington Enterprises earned $31 million this year. The report also stated that the firm's ROE is 18 percent.

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The newspaper reported last week that Bennington Enterprises earned $31 million this year. The report also stated that the firm's ROE is 18 percent. Bennington retains 50 percent of its earnings. a. What is the firm's earnings growth rate? (Round the answer to 2 decimal places.) Earnings growth rate b. What will next year's earnings be? (Enter the answer in dollars, not millions of dollars. Omit $ sign in your response.) Next year's earnings $ % 5 Skipped Suppose a stock had an initial price of $112 per share, paid a dividend of $3.45 per share during the year, and had an ending share price of $124. Compute the percentage total return. (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Percentage of total return %

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