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A year ago, Kim Altman purchased 230 shares of BLK, Inc. for $26.00 on margin. At that time the margin requirement was 50 percent. If
A year ago, Kim Altman purchased 230 shares of BLK, Inc. for $26.00 on margin. At that time the margin requirement was 50 percent. If the interest rate on borrowed funds was 6 percent and she sold the stock for $33.00, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places
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