Johnson products earned 520 per share last year and paid a, Financial Management

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Johnson products earned 520 per share last year and paid a

Johnson Products earned $5.20 per share last year and paid a $2.15 per share dividend. If ROE was 16 percent, what is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Sustainable growth rate %

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Financial Management: Johnson products earned 520 per share last year and paid a

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Financial Management: Johnson products earned 520 per share last year and paid a

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