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Carrier Company reported net income of $360,000 and paid dividends of $30,000 on its preferred stock during the current year. Other selected financial data for the company includes the following: Beginning of Year End of Year Common stock $900,000 $1,200,000 Preferred stock 375,000 375,000 Retained earnings 225,000 555,000 What is the company's return on common stockholders' equity for the year?
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