Question: please state return on common share equity ACCT 621 (BON-SPRING-07) / Week 6: Midterm Exam / Midterm Exam (online) A business has 1,000 common shares

please state return on common share equity

ACCT 621 (BON-SPRING-07) / Week 6: Midterm Exam / Midterm Exam (online) A business has 1,000 common shares (issued at $200 each) and 1,000 $5-dividend cumulative preferred shares outstanding It has also issued $10,000 in 4% bonds, Assuming earnings before interest and taxes (assume a 10% tax rate) of $20,000, what is the return on common shareholder's equity? Select one O a. About 6.5% b. About 8% O c. About 7.5% O d. About 5.5% Activate Windows Go to Settings TO Next page ADGO ENG 72/05/2071 O

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