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A Firm Had Earnings Per Share of $3

Question 8

Multiple Choice

A firm had earnings per share of $3.25 for the year.The book value per share at the beginning of the year was $13.What was the firm's return on equity for the year?


A) 25%
B) 20%
C) 42.25%
D) 75%
E) 40%

Correct Answer:

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