Question: please cleat solution : Q3. ABC company has 11% expected return on assets and pays 7% on its debt. The company debt represents 40% of

please cleat solution :

please cleat solution : Q3. ABC company has 11% expected return on

Q3. ABC company has 11% expected return on assets and pays 7% on its debt. The company debt represents 40% of total asset. What is the expected return on equity for ABC company? (1.5 Mark)

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