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a broker wants to sell a customer and investment costing $100 but an expected payoff in one year of a hundred and $6 the customer
a broker wants to sell a customer and investment costing $100 but an expected payoff in one year of a hundred and $6 the customer indicates that a 6% return is not very attractive the broker responds by suggesting the customer borrow $90 for one year at 4% interest to help pay for the investment what is the customers expected return if she borrows the money
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