question archive An investor puts up $11,000 but borrows an equal amount of money from his broker to double the amount invested to $22,000
An investor puts up $11,000 but borrows an equal amount of money from his broker to double the amount invested to $22,000
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An investor puts up $11,000 but borrows an equal amount of money from his broker to double the amount invested to $22,000. The broker charges 6% on the loan. The stock was originally purchased at $25 per share, and in 1 year the investor sells the stock for $27. The investor's rate of return was Multiple Choice 5.00% 11.00% 10.00% 2.00%
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