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Princess Peach bought 200 shares of stock at a price of $10 a share. She used her 70% margin account to make the purchase. Peach
Princess Peach bought 200 shares of stock at a price of
$10 a share. She used her
70% margin account to make the purchase. Peach sold her stock after a year for
$12 a share. Ignoring margin interest and trading costs, what is Peach's return on investor's equity for this investment?\
29%\
14%\
10%\
67%
Princess Peach bought 200 shares of stock at a price of
$10a share. She used her
70%margin account to make the purchase. Peach sold her stock after a year for
$12a share. Ignoring margin interest and trading costs, what is Peach's return on investor's equity for this investment?\
29%\
14%\
10%\
67% Step by Step Solution
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