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Question 8 10 pts The net income of a company for the year was $500.000. The company has no preferred stock. Common stockholders equity was

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Question 8 10 pts The net income of a company for the year was $500.000. The company has no preferred stock. Common stockholders equity was $1,000,000 at the beginning of the year and $2,300.000 at the end of the year. Calculate the rate of retum on common stockholders equity. 30.30% 21.74% O SO OOK 17.86%

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