Question: c. Return on common equity: (Net income - Preferred dividends) | Average common equity [$1,265 - $45] | [($2,868 - $500 + $3,803 - $450)

c. Return on common equity: (Net income - Preferred dividends) |

c. Return on common equity: (Net income - Preferred dividends) | Average common equity [$1,265 - $45] | [($2,868 - $500 + $3,803 - $450) |2] = 42.7%

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