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A year ago, Kim Altman purchased 2 2 0 shares of BLK , Inc. for $ 3 9 . 0 0 on margin. At that

A year ago, Kim Altman purchased 220 shares of BLK, Inc. for $39.00 on margin. At that time the margin requirement was 30 percent. If the interest rate on borrowed funds was 7 percent and she sold the stock for $47.00, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places.
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