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April 18, 2014

Homework Help: accounting

Posted by Anonymous on Saturday, April 14, 2012 at 7:40am.

Last year Angela used her 60% margin account and purchased 100 shares of stock at a price of $33 a share. Today she sold this stock for $36 a share. Angela paid a total of $70 in margin interest for the year. Ignoring transaction costs, what rate of return did Angela earn on this investment?

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