Question: Explain answer step by step 3. From the following information, calculate the return on common equity for the year 2012 (amounts in millions of dollars).

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3. From the following information, calculate the return on common equity for the year 2012 (amounts in millions of dollars). There were no share repurchases. Common stockholders' equity, December 31, 2011 Dividends paid to common stockholders Share issue on December 31, 2012 Common stockholders' equity, December 31, 2012 174.8 8.3 34.4 226.2 (2)

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