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Waterway Company reports the following amounts for 2019: Net income $155000 2060000 Average stockholders' equity Preferred dividends 48860 Par value preferred stock 320000 The 2019

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Waterway Company reports the following amounts for 2019: Net income $155000 2060000 Average stockholders' equity Preferred dividends 48860 Par value preferred stock 320000 The 2019 rate of return on common stockholders' equity is: 6.1%. 7.5%. 8.9%. 5.2%

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