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Consider the following data (In millions) from Trident Financlal Incorporated, which has two main divisions, mortgage loans and consumer loans: Required: 1. Based on ROl,
Consider the following data (In millions) from Trident Financlal Incorporated, which has two main divisions, mortgage loans and consumer loans: Required: 1. Based on ROl, which division is more successful? Mortgage loans Consumer loans 2. Trident uses residual Income (RI) as a measure of the financlal performance of Its divisions. What is the RI for each division If the minimum desired rate of return is (a) 10%, (b) 15%, and (c) 20% ? (Leave no cells blank. Negatlve amounts should be Indicated by a minus sign. Enter your answers In millions.)
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