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What is the return on equity for a firm with before-tax income of 100M and 10 M shares outstanding? Assume tax rate is 30%. A.

What is the return on equity for a firm with before-tax income of 100M and 10 M shares outstanding? Assume tax rate is 30%.

A. 7

B. 8

C. 9

D. 10

E. 70

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