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Your friend sent you an analysts report that provided the return on equity ratio for various companies in the tech industry. According to the report,

Your friend sent you an analysts report that provided the return on equity ratio for various companies in the tech industry. According to the report, the average return on equity for the industry is 6.5%. Specifically, he wants to understand why the return on shareholders' equity provides information on the rate of return to common shareholders only. Provide a response to your friend

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