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A company reports the following: Net income $ 1 5 1 , 9 6 0 Preferred dividends 1 2 , 6 8 0 Average stockholders'

A company reports the following: Net income $

151, 960

Preferred dividends

12, 680

Average stockholders' equity

1, 290, 550

Average common stockholders' equity

865, 520

Round percentages to one decimal place. a

.

Determine the return on stockholders' equity.

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