Suppose turnbull is currently distributing 6500 if its, Financial Management

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Suppose turnbull is currently distributing 6500 if its

Suppose Turnbull is currently distributing 65.00% if its earnings in the form of cash dividends. It has also historically generated an average return on equity (ROE) of 18%. Turnbull's Estimated growth rate is ......

a. 53.00%

b. 18.35%

c. 6.30%

d. 17.65%

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