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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 2 0 2

You have been asked to analyze First Union Bank. You have only the following information on the bank at year-end 2021: Net income is $440,000, total debt is $2.0 million, and the banks debt ratio is 50 percent. What is First Union Banks ROE for 2021?

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