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Firm Y has issued 330 million shares of stock at $1 par value and $210 million in additional paid-in capital. Retained earnings are $3.8 billion.

Firm Y has issued 330 million shares of stock at $1 par value and $210 million in additional paid-in capital. Retained earnings are $3.8 billion. What is the return on equity if net income is $1.5 billion

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