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Nikko Corp.'s total common equity at the end of last year was $360,000 and its net income after taxes was $60,000. What was its ROE?

Nikko Corp.'s total common equity at the end of last year was $360,000 and its net income after taxes was $60,000. What was its ROE? Select the correct answer.

a. 19.37%

b. 17.57%

c. 20.27%

d. 18.47%

e. 16.67%

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