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1) Net income = 23,00,000/- preferred dividend = 30,000/- during the year. In addition it also had 30, 00,000 total shares outstanding during the year

1) Net income = 23,00,000/- preferred dividend = 30,000/- during the year. In addition it also had 30, 00,000 total shares outstanding during the year and 5, 00,000/- preferred stock. Calculate ROE of the organization. (10 mark)

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