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Thomas, Inc.'s return on equity is 14 percent and management has plans to retain 24 percent of earnings for investment in the company. a. What
Thomas, Inc.'s return on equity is 14 percent and management has plans to retain 24 percent of earnings for investment in the company.
a. What will be the company's growth rate be?
b. How would the growth rate change if management?
(i) increased retained earnings to 31 percent or (ii) decreased retention to 12 percent?
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
