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A company has RM510,000 in Average common stockholders' equity, Net income of RM312,000, and Preferred dividends paid of RM15,000. What is the rate of return

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A company has RM510,000 in Average common stockholders' equity, Net income of RM312,000, and Preferred dividends paid of RM15,000. What is the rate of return on common stockholders' equity? * 58.2% 61.2% 59.3% 62.0%

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