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An investor opened an brokerage account and purchased 100 shares of COF at $75 per share and deposit initial margin of 50%. The broker charges

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An investor opened an brokerage account and purchased 100 shares of COF at $75 per share and deposit initial margin of 50%. The broker charges 2% per year on the loan. In one year the stock is selling for $70. What is the investor's rate of return on this investment? a) -20% Ob) -10.25% OC) -15.33% d) -8.66%

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