Use the following information for Equitable,Inc.to answer the following question(s) .Equitable issued no new common stock and had 100,000 common shares issued and outstanding during 2011.Equitable has no preferred stock. 
What was return on equity for the year ended December 31,2011?
Definitions:
Check
A special draft that orders a bank (the drawee) to pay a specified sum of money to the payee from the drawer’s account.
Unqualified
Without any conditions, limitations, or reservations; often referring to an endorsement or opinion that has no restrictions.
Blank Endorsement
An endorsement on a financial instrument with only the signature of the endorser, making it payable to whoever holds the document.
Bearer Paper
An instrument that is not made out to a specific person and can be transferred by possession alone, allowing the holder to claim the rights of the paper.
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