Assume a company's retention rate is 70 percent, its cost of equity capital is 12 percent, its forecasted earnings per share are $8.00, and its ROE is 6 percent. The company's expected growth rate is closest to:

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The Answer of Assume a company's retention rate is 70 percent, its cost of equity capital is 12 percent, its forecasted earnings per share are $8.00, and its ROE is 6 percent. The company's expected growth rate is closest to:

Assume a Company's Retention Rate Is 70 Percent, Its Cost