Question: CIBC's return on assets was 0.8% in 2015. During the same year, CIBC reported a return on common shareholders' equity of 18.7%. Has CIBC made

CIBC's return on assets was 0.8% in 2015. During the same year, CIBC reported a return on common shareholders' equity of 18.7%. Has CIBC made effective use of leverage? Explain.

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