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A firm has an ROE of 5%, a debt/equity ratio of 0.6, a tax rate of 35%, and pays an interest rate of 9% on
A firm has an ROE of 5%, a debt/equity ratio of 0.6, a tax rate of 35%, and pays an interest rate of 9% on its debt. What is its operating ROA? (Do not round intermediate calculations. Round your answer to 2 decimal places.) ROA
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School Finance Elections
Authors: Don E. Lifto, Bradford J. Senden, Daniel A. Domenech
2nd Edition
1607091488, 978-1607091486
