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Billy Bob Bank has an ROA of 1.30%. Their capital structure consists of 90.4% debt. What is the Equity Multiplier (EM) one would use to

Billy Bob Bank has an ROA of 1.30%. Their capital structure consists of 90.4% debt. What is the Equity Multiplier (EM) one would use to calculate the ROE for BBB? (Answer in x format to the nearest .1, xx.x, w/ no 'x' needed.)

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