What is the percentage return on the funds invested

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Problem 1: A year ago, Kim Altman purchased 300 shares of BLK, Inc. for $21.50 on margin. At that time the margin requirement was 60 percent. If the interest rate on borrowed funds was 6 percent and she sold the stock for $26.50, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places.

Reference no: EM132964226

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