Question
l buy 100 shares of stock at $2 a share, with $100 of my own money. I borrow another $100 at 10 percent interest. The
l buy 100 shares of stock at $2 a share, with $100 of my own money. I borrow another $100 at 10 percent interest. The share price stays constant at $2. My rate of return is approximately.
2 percent.
0 percent
5 percent.
10 percent
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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