Retention ratio is 0.55 and return on equity is 12.5% then growth retention model would be

Retention ratio is 0.55 and return on equity is 12.5% then growth rete

1.	Retention ratio is 0.55 and return on equity is 12.5% then growth retention model would be
A.	11.95%
B.	6.88%
C.	13.05%
D.	22.72%
Answer» C. 13.05%