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What will be the effect on retained earnings if a firm with 4,200 shares outstanding earns $10 per share and has a 30% plowback ratio?

What will be the effect on retained earnings if a firm with 4,200 shares outstanding earns $10 per share and has a 30% plowback ratio? It will increase by: Multiple Choice O $29,400 $24,400. $42,000. $12,600

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