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5. Problem 4-05 eBook Problem 4-05 A year ago, Kim Altman purchased 180 shares of BLK, Inc. for $33.50 on margin. At that time the

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5. Problem 4-05 eBook Problem 4-05 A year ago, Kim Altman purchased 180 shares of BLK, Inc. for $33.50 on margin. At that time the margin requirement was 60 percent. If the interest rate on borrowed funds was 12 percent and she sold the stock for $42.00, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places. % Grade it Now Save & Continue Continue without saving o

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