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9. The editor of that popular magazine was so impressed with El Geeko's story and his track record that he bought 10% of the shares
9. The editor of that popular magazine was so impressed with El Geeko's story and his track record that he bought 10% of the shares in the company. He had a chat with you and decided to copy your investment strategy. You told him that you invested with a high risk second mortgage company. He went with even a higher risk second mortgage company. They will pay him a rate of 13% on the money he has invested with them. His bank will wire the money to the second mortgage company the morning after they receive the money. As of the beginning of year 3, what is the ROI on the editor's total investment? Round your answer off to one decimal place. 9. The editor of that popular magazine was so impressed with El Geeko's story and his track record that he bought 10% of the shares in the company. He had a chat with you and decided to copy your investment strategy. You told him that you invested with a high risk second mortgage company. He went with even a higher risk second mortgage company. They will pay him a rate of 13% on the money he has invested with them. His bank will wire the money to the second mortgage company the morning after they receive the money. As of the beginning of year 3, what is the ROI on the editor's total investment? Round your answer off to one decimal place
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