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Trucking Corp. has an average payout ratio of 70%. If the company reports net income of $50 million and shareholders equity of $600 million, the
Trucking Corp. has an average payout ratio of 70%. If the company reports net income of $50 million and shareholders equity of $600 million, the company's growth rate for use in the dividend capitalization model can be:
a)2.5%
b)5.8%
c)6.7%
d)8.0%
e) 15.0%
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