Question: Please help me to solve this question 1. Suppose an investment bank has $900 billion in assets under management and a leverage ratio (Assets /

Please help me to solve this question

1. Suppose an investment bank has $900 billion in assets under management and a leverage ratio (Assets / Equity) of 30 to 1. If the bank earns (annually) a 6% return on its assets and pays 3% interest on its debt and the tax rate is 20%, what is the annual) return-on-equity

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