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Lambda Inc. has a 15% expected return on assets, pays 8% on its debt, and...

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Accounting

Lambda Inc. has a 15% expected return on assets, pays 8% on its debt, and has a debt to assets ratio of 30%? What is the expected return on equity for Lambda Inc.? The firm pays no taxes. Question 11 options: 20% 24% 22% 18%

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