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An investor puts up $16,000 but borrows an equal amount of money from his broker to double the amount invested to $32,000. The broker charges

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An investor puts up $16,000 but borrows an equal amount of money from his broker to double the amount invested to $32,000. The broker charges 8% on the loan. The stock was originally purchased at $40 per share, and in 1 year the investor sells the stock for $45. The investor's tate of retum was Multuple Choice 3650% 850% 1700% 4.50

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