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The net income of a company for the year was $570,000.The company has no preferred stock.Common stockholders' equity was $1,700,000 at the beginning of the year and $2,300,000 at the end of the year.Calculate the rate of return on common stockholders' equity.(Round your answer to two decimal places. )
Fixed Fee
A predetermined fee paid to a lawyer for completing a specific task.
Hourly Rate
A method of compensation based on the number of hours worked, typically used for freelance or temporary jobs.
Contingency Fee
A fee paid to a lawyer that is based on a percentage of the sum recovered by the client.
Contingency Fee Agreements
Contracts between lawyers and their clients where fees are only owed if the lawsuit is won, typically as a percentage of the recovery.
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