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Today Club's Limited's stock sells for $28 and it expects to pay an upcoming dividend of $1.54 per share. The company has a policy of

Today Club's Limited's stock sells for $28 and it expects to pay an upcoming dividend of $1.54 per share. The company has a policy of reinvesting 41% of its earnings. If investors expect require a total return of 11.00%, what is the firm’s return on equity?

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