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If the return on net operating assets (RNOA) is 13%, financial leverage (FLEV) is 2, net borrowing cost (NBC) is 6%, the return on common
If the return on net operating assets (RNOA) is 13%, financial leverage (FLEV) is 2, net borrowing cost (NBC) is 6%, the return on common equity (ROCE) is:
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
