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While analyzing Netflix, you estimate they will earn $12 of net income per share next year. You calculate the required rate of return for Netflix

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While analyzing Netflix, you estimate they will earn $12 of net income per share next year. You calculate the required rate of return for Netflix to be 12%, their ROE to be 14% and the payout ratio for dividends to be 60%. What is Netflix's sustainable growth rate? 14% 12% 8.4% 5.6%

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