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You have been asked to analyze First Union Bank. You have only the following information on the bank at year-end 2015: Net income is $390,000,

You have been asked to analyze First Union Bank. You have only the following information on the bank at year-end 2015: Net income is $390,000, total debt is $3.9 million, and the banks debt ratio is 60 percent. What is First Union Banks ROE for 2015?

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