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Matt puts up $7,500 and borrows an equal amount of money from his broker to double the amount invested to that of $15,000. The broker
Matt puts up $7,500 and borrows an equal amount of money from his broker to double the amount invested to that of $15,000. The broker charges 8% on the loan. The stock was originally purchased at $30 per share and in one year the investor sells the stock for $35. Matts rate of return would be?
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