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The # of shares is 60 million. The dividend payout ratio is 40%. The net income is $20 million. Find the growth rate in equity

  1. The # of shares is 60 million. The dividend payout ratio is 40%. The net income is $20 million. Find the growth rate in equity for XYZ Inc. if the equity is $100 million.

    A.

    6.00%
    B.

    8.00%
    C.

    10.00%
    D.

    12.00%
    E.

    15.00%

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