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Required: A firm has an ROE of 2%, a debt/equity ratio of 0.5 , and a tax rate of 35%, and pays an interest rate

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Required: A firm has an ROE of 2%, a debt/equity ratio of 0.5 , and a tax rate of 35%, and pays an interest rate of 9% on its debt. What is its pperating ROA? (Do not round intermediate calculations. Round your answer to 2 decimal ploces.)

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