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An investor puts up $6,300 but borrows an equal amount of money from their broker to double the amount invested to $12,600. The broker charges

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An investor puts up $6,300 but borrows an equal amount of money from their broker to double the amount invested to $12,600. The broker charges 13% on the loan. The stock was originally purchased at $26 per share and in one year the investor sells the stock for $31. The investor's rate of return was I Multiple Choice 38.46% 27.81% 25.46% 29.78%

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