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The net profit margin for a company is 7.8 %, the asset turnover is 0.941, the equity multiplier is 1.741, and the dividend payout rate
The net profit margin for a company is 7.8 %, the asset turnover is 0.941, the equity multiplier is 1.741, and the dividend payout rate is 83 %. What is the return on equity? (Answer to the nearest tenth of a percent, i.e. 12.3 without the % sign).
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