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A year ago, you purchased 200 shares of ABC, Inc. for $25.50 on margin.At that time the margin requirement was 40 percent.If the interest rate

A year ago, you purchased 200 shares of ABC, Inc. for $25.50 on margin.At that time the margin requirement was 40 percent.If the interest rate on the borrowed funds was 9 percent and you sold the stock for $34, what is the percentage return on the funds you invested in the stock?

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