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Mark uses his own funds to purchase a stock priced at $70. He thinks he can sell the stock for $100 after one year. What
Mark uses his own funds to purchase a stock priced at $70. He thinks he can sell the stock for $100 after one year. What is Marks estimated return on the stock?
a. 42.86 percent
b. 30.00 percent
c. -42.86 percent
d. -30.00 percent
e. None of these choices are correct.
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