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Problem 19-13 A firm has an ROE of 3.1%, a debt-to-equity ratio of 0.6, and a tax rate of 40% and pays an interest rate

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Problem 19-13 A firm has an ROE of 3.1%, a debt-to-equity ratio of 0.6, and a tax rate of 40% and pays an interest rate of 6% on its debt. What is its operating ROA? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) ROA %

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