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A firm uses 30,000$ in debt and 50,000$ in equity to finance its assets, and has a return on assets equal to 10%. What is
A firm uses 30,000$ in debt and 50,000$ in equity to finance its assets, and has a return on assets equal to 10%. What is the return on equity? a. 18% b. 12% c. 6% d. 16% e. 19.2% f. 21% g. 8% h. 15%
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