Exactly one year ago, Nick bought 500 shares of lenar crop. stock at $21.14 per share using his 60% margin account. today he sees that the stock is trading for $23.31 per share and decids to close out his position by selling all of his shares. what is Nick's return on investor's equity? lgnore margin interest and trading costs. submit your answer as a percentage and round to two decimal places (Ex.0.00%)

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