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Calculate the return on equity (ROE) given a profit margin of 4.5%, a return on assets of 6.5%, and an equity multiplier of 1.2. a.
- Calculate the return on equity (ROE) given a profit margin of 4.5%, a return on assets of 6.5%, and an equity multiplier of 1.2.
a. 2.4%
b. 5.4%
c. 6.5%
d. 7.8%
e. 11.5%
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