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LA Bank reports total operating revenue of $150 million, with total operating expenses of $125 million, and owes taxes $5 million. It has total assets

LA Bank reports total operating revenue of $150 million, with total operating expenses of $125 million, and owes taxes $5 million. It has total assets of $1.00 billion and total liabilities of $850 million.

How will the ROE for OK State Bank change if total operating expenses, taxes, and total operating revenues each grow by 10% while the liabilities remain fixed?

a. 14.67%

b. 1.33%

c. 13.33%

d. -1.33%

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