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Connecticon Bank reports that over the last year it generated $60 thousand in interest income and incurred $28 thousand in interest expenses. Connecticon's net profit
Connecticon Bank reports that over the last year it generated $60 thousand in interest income and incurred $28 thousand in interest expenses. Connecticon's net profit was $8 thousand. If the bank has $1,209 thousand in assets and $36 thousand in equity, what is its return on equity? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%).
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