Return on investors equity for this investment

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Reference no: EM13895582

Henry bought 100 shares of stock at a price of $25 a share. He used his 60% margin account to make the purchase. Henry sold his stock after a year for $22 a share. Ignoring margin interest and trading costs, what is Henry's return on investor's equity for this investment?

A) -13%

B) -24%

C) 24%

D) 13%

Reference no: EM13895582

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