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A company has the following: a) Debt of 25,000,000 on which interest is charged at 5%pa b) A Debt/Equity ratio of 5 c) Interest

A company has the following: a) Debt of 25,000,000 on which interest is charged at 5%pa b) A Debt/Equity ratio of 5 c) Interest cover for the year ended 31 Dec 2021 was 3 What was the Return on Equity for the year ended 31 Dec 2021? assume zero tax. 75% 25% 16% 50%

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