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4 pts Question 12 Adrian bought 200 shares of stock at a price of $24 a share. He used 60% margin to make the purchase.

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4 pts Question 12 Adrian bought 200 shares of stock at a price of $24 a share. He used 60% margin to make the purchase. He sold his stock after a year for $28 a share. Ignoring margin interest and trading costs, what is his return on the equity for this investment? 16.67% 24.67% 27.78% 21.78%

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