Question: What is the expected return on equity for a tax-free firm with a 15 percent expected return on assets that pays 12 percent on its

What is the expected return on equity for a tax-free firm with a 15 percent expected return on assets that pays 12 percent on its debt, which totals 25 percent of assets? 15.60 percent 24 percent 16 percent 20 percent OOO
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