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What is your return on equity

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You buy a $1million house by paying 20% as down payment, and borrowing the other 80% from the bank. Suppose the value of the house goes down by 15% right after your purchase. What is your return on equity? Enter your answer as a percentage, i.e. if your answer is -20% enter -20 not -0.2.

Reference no: EM131411901

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