From the following information, calculate the return on common equity for the year 2009 (amounts in millions of dollars). There were no share repurchases.
Common shareholders' equity December 31, 2008 174.8
Dividend paid to common shareholders 8.3
Share issue on December 31, 2009 34.4
Common shareholders' equity, December 31, 2009 226.2
The expert calculates return on common equity.