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JID Motor has a ROA of 12%, a tax rate of 30%, a debt/equity ratio of 0.5, and pays an interest rate of 6% on

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JID Motor has a ROA of 12%, a tax rate of 30%, a debt/equity ratio of 0.5, and pays an interest rate of 6% on its debt. What is the ROE of JID Motor? (rounded to 2 decimal points) O a. 11.08% O b. 8.60% O c. 10.50% O d. None of the other choices

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