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An investor puts up $9,600 but borrows an equal amount of money from their broker to double the amount invested to $19,200. The broker charges

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An investor puts up $9,600 but borrows an equal amount of money from their broker to double the amount invested to $19,200. The broker charges 12% on the loan. The stock was originally purchased at $26 per share and in one year the investor sells the stock for $33. The investor's rate of return was Multiple Choice 46.17% 54.85% 44.20% O 41.85%

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