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A firm has an ROE of 4.3%, a debt-to-equity ratio of 0.6, a tax rate of 40%, and pays an interest rate of 5% on
A firm has an ROE of 4.3%, a debt-to-equity ratio of 0.6, a tax rate of 40%, and pays an interest rate of 5% on its debt. What is its operating ROA?
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
