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A firm has an ROE of 3%, a debt/equity ratio of 0.7, a tax rate of 35%, and pays an interest rate of 6% on
A firm has an ROE of 3%, a debt/equity ratio of 0.7, a tax rate of 35%, and pays an interest rate of 6% on its debt. What is its operating ROA?
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
