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A year ago, Kim Altman purchased 240 shares of BLK, Inc. for $28.50 on margin. At that time the margin requirement was 40 percent. If

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A year ago, Kim Altman purchased 240 shares of BLK, Inc. for $28.50 on margin. At that time the margin requirement was 40 percent. If the interest rate on borrowed funds was 12 percent and she sold the stock for $41.00, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places -38.60 %

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