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Some companies have 1 million yen in shareholder capital, 2 million yen in debt, and total assets of 3 million yen. If the company's return
Some companies have 1 million yen in shareholder capital, 2 million yen in debt, and total assets of 3 million yen.
If the company's return on assets is 5% and the interest rate on debt is 2%, what is the return on shareholders' equity?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
