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Megan bought 200 shares of stock at a price of $10 a share. She used her 75% margin account to make the purchase. Megan sold
Megan bought 200 shares of stock at a price of $10 a share. She used her 75% margin account to make the purchase. Megan sold her stock after a year for $12 a share. Ignoring margin interest and trading costs, what is Megan's rate of return for this investment? (Round to the nearest percent)
17% | ||
20% | ||
27% | ||
67% |
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