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What was the investors rate of return in one year

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Problem 1: An investor buys $21,000 worth of a stock priced at $30/Share using 65% initial margin. The broker charges 7.5% on the loan. The stock pays a $.3/share dividend. The stock was sold one year later for $33/share. What was the investors rate of return in one year?

Reference no: EM132833049

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