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Karen just purchased a stock costing $33 on margin, paying $23 and borrowing the remainder from a brokerage firm at 15 percent annual interest.The stock
Karen just purchased a stock costing $33 on margin, paying $23 and borrowing the remainder from a brokerage firm at 15 percent annual interest.The stock pays an annual dividend of $4.If Karen sells the stock after one year at a price of $50, what is the return on the stock?
76.09 percent
80.43 percent
91.22 percent
84.78 percent
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