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(Measuring growth)If Pepperdine, Inc.'s return on equity is 14 percent and the management plans to...

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Accounting

(Measuring growth)If Pepperdine, Inc.'s return on equity is 14 percent and the management plans to retain 59 percent of earnings for investment purposes, what will be the firm's growth rate?

The firm's growth rate will be enter your response here%. (Round to two decimal places.)

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