Investment oppportunities-take advantage of the higher yield

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You have 2 investment oppportunities: one will have an 11% rate of return on an investment of $430, and the other will have a 14% rate of return on principal of $660. You would like to take advantage of the higher-yielding investment but have only $430 available. What is the maximum rate of interest that you would pay to borrow the $230 needed to take advantage of the higher yield?

Reference no: EM131220566

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