CFA Level I sample question

CFA Level I Overview of Equity Securities question

Equity Investments / Overview of Equity Securities

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Overview of Equity Securities sample question

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Equity Investments

Overview of Equity Securities

A company reports net income of USD 45 million for the year. Common shareholders' equity was USD 280 million at the beginning of the year and USD 320 million at the end of the year. Using average equity, the company's accounting return on equity for the year is closest to:

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