the earnings retention ratio changes won't the growth rate change as well. Why do we continue to use the growth rates of 15% and 5% when the dividend payout policy change

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter11: Determining The Cost Of Capital
Section: Chapter Questions
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If the earnings retention ratio changes won't the growth rate change as well. Why do we continue to use the growth rates of 15% and 5% when the dividend payout policy changes

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