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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. )
Multinational Corporations
Companies that operate in multiple countries, managing production or delivering services in more than one country.
Divisions and Branches
Parts of a company that operate semi-independently but are not separate legal entities; branches are local offices or shops, while divisions are specialized departments.
Foreign Stocks
Shares of companies based outside the investor's own country, traded on foreign stock exchanges.
Investment Portfolios
A collection of investments held by an individual or institution which may include stocks, bonds, real estate, and more, diversified to manage risk.
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