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Thomas, Inc.'s return on equity is 17 percent and management has plans to retain 21 percent of earnings for investment in the company. a.What will
Thomas, Inc.'s return on equity is 17 percent and management has plans to retain 21 percent of earnings for investment in the company. a.What will be the company's growth rate? b. How would the growth rate change if management (i) increase retained earnings to 34 percent or (ii) decreased retention to 11 percent? a. The company's growth rate will be.
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