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A year ago, Kim Altman purchased 1 6 0 shares of BLK , Inc. for $ 3 5 . 5 0 on margin. At that

A year ago, Kim Altman purchased 160 shares of BLK, Inc. for $35.50 on margin. At that time the margin requirement was 20 percent. If the interest rate on borrowed funds was 6 percent and she sold the stock for $40.50, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places.

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