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Firm Y has issued 280 million shares of stock at $1 par value and $180 million in additional paid-in capital. Retained earnings are $4.0 billion.

Firm Y has issued 280 million shares of stock at $1 par value and $180 million in additional paid-in capital. Retained earnings are $4.0 billion. What is the return on equity if net income is $700 million

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