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Donald puts up $9,000 but borrows an equal amount of money from his broker to double the amount invested to $18,000. The broker charges 7%

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Donald puts up $9,000 but borrows an equal amount of money from his broker to double the amount invested to $18,000. The broker charges 7% on the loan. The stock was originally purchased at $45 per share, and in 1 year the investor sells the stock for $54. The investor's rate of return was Multiple Choice 16.50% 13.00% 23.50%

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