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M&M Co. is expected to have earnings of $6 per share next year and is expected to grow at a constant rate. The ROE is

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M&M Co. is expected to have earnings of $6 per share next year and is expected to grow at a constant rate. The ROE is 18% and the firm retains 70% of its earnings. The required rate of return on the stock is 14%. The market price of M&M stock is currently $100. Answer the next question based on this information. The expected growth rate is: O 12.6% 18.00% 5.40% O None of the above

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