A firm has an ROA of 14%, a debt/equity ratio of 0.8,a tax of 35%, and the interest on the debt is 10%. The firm’s ROE is:

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A firm has an ROA of 14%, a debt/equity ratio of 0.8,a tax of 35%, and the interest on the debt is 10%. The firm’s ROE is:

a)11.18%

 

b)8.97%

 

c)11.54%

 

d)12.62%

 

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