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What is the percentage return on funds invested in stock

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Reference no: EM132518512

Question 1: A year ago, Kim Altman purchased 100 shares of BLK, Inc. for $21.00 on margin. At that time the margin requirement was 60 percent. If the interest rate on borrowed funds was 5 percent and she sold the stock for $26.00, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places.

Reference no: EM132518512

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