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If a bank's return on equity (ROE) is 4.5% and its return on assets (ROA) is 1.5%, what is the bank's assets/equity ratio (equity multiplier)?
If a bank's return on equity (ROE) is 4.5% and its return on assets (ROA) is 1.5%, what is the bank's assets/equity ratio (equity multiplier)? show your work
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