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Find the return-on-equity for a loan given the following data: interest rate, 8.65%; administrative costs, 2.25%; costs of debt funds, 4.45%; risk-bearing costs, 1.25%; fees,
Find the return-on-equity for a loan given the following data: interest rate, 8.65%; administrative costs, 2.25%; costs of debt funds, 4.45%; risk-bearing costs, 1.25%; fees, 1.25%; equity to assets ratio, 25%. (Enter your answer in percentage and round it up to two decimal places)
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