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q:11 What is the ROE for a firm with a times interest earned ratio of 2, a tax liability of $1 million, and interest expense
q:11 What is the ROE for a firm with a times interest earned ratio of 2, a tax liability of $1 million, and interest expense of $1.68 million if equity equals $1.68 million?
| 23.81% | ||
| 25.22% | ||
| 33.60% | ||
| 40.48% |
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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
