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Consider the following data (in millions) from Trident Financial Incorporated which has two main divisions, mortgage loans and consumer loans: Required: 1. Based on ROI,
Consider the following data (in millions) from Trident Financial Incorporated which has two main divisions, mortgage loans and consumer loans: Required: 1. Based on ROI, which division is more successful? Mortgage loans Consumerloans 2. Trident uses residual income (RI) as a measure of the financial performance of its divisions. What is the Rl for each division if the minimum desired rate of return is (a) 10\%, (b) 15%, and (c) 20% ? (Leeve no cells blenk. Negatlve emounts should be Indleated by o minus slgn. Enter your answers ln millions.)
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