Question
A firm has an ROE of 3.9%, a debt-to-equity ratio of 0.8, and a tax rate of 40% and pays an interest rate of 7%
A firm has an ROE of 3.9%, a debt-to-equity ratio of 0.8, and a tax rate of 40% and pays an interest rate of 7% on its debt. What is its operating ROA? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Managing Currency Options In Financial Institutions
Authors: Yat-Fai Lam, Kin-Keung Lai
1st Edition
1138778052, 978-1138778054
