Butler, Inc.'s return on equity is 17% and management retains 75% of earnings for investment purposes. Based on this information, what will be the firm's growth rate?
A) 4.25%
B) 22.67%
C) 44.12%
D) 12.75%
Answer: D
Business
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Which of the following is an economic change brought about by globalization enabled by information technology?
A) increase in the frequency of worldwide fads and phenomena B) development of low-cost computing platforms C) availability of low-cost communication systems D) increase in the outsourcing of labor E) decentralization of organizations
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