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Dakota Company reports the following amounts for 2012. Net income $150,000 Average, stockholders' equity 1,000,000 Preferred dividends 42,000 Par value preferred stock 200,000 The 2012

Dakota Company reports the following amounts for 2012.

Net income

$150,000

Average, stockholders' equity

1,000,000

Preferred dividends

42,000

Par value preferred stock

200,000

The 2012 rate of return on common stockholders' equity is

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