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35.Presented below is information related to Concord Corporation: December 31, 2021 2020 Common stock $ 74900 $ 59700 5% Preferred stock 358000 358000 Retained earnings

35.Presented below is information related to Concord Corporation:

	December 31,
	2021	2020
Common stock	$ 74900	$ 59700
5% Preferred stock	358000	358000
Retained earnings (includes net income for current year)	89000	74500
Net income for year	35300	32800

What is Concords rate of return on common stock equity for 2021?

23.7%

11.7%

10.6%

21.5%

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