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Settles Corporation Has Provided the Following Financial Data

Question 7

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Settles Corporation has provided the following financial data:
Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. -The company's return on equity for Year 2 is closest to: A) 3.31% B) 8.50% C) 5.09% D) 50.52% Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. -The company's return on equity for Year 2 is closest to: A) 3.31% B) 8.50% C) 5.09% D) 50.52% Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share.
-The company's return on equity for Year 2 is closest to:


A) 3.31%
B) 8.50%
C) 5.09%
D) 50.52%

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