What is the sustainable growth rate

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A company is expected to have earnings per share of $3.46 this year and to pay a dividend of $2.04. The discount rate for the stock is 15.9% and the rate of return on reinvested earnings is 16.2%. What is the sustainable growth rate? Enter your answer as a percentage. Do not include the percentage sign in your answer.

Reference no: EM132466335

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