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You bought 1000 shares of BAC (Bank of America) at $10 per share using margin trading. You have $5,000 on your account and borrowed the

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You bought 1000 shares of BAC (Bank of America) at $10 per share using margin trading. You have $5,000 on your account and borrowed the other $5,000 from the broker. The interest charged on the margin is 10% annually. If you sold the stock one year later at $12, what is your return on your equity (percentage)? (Buy on Margin Retur, Equity is the net worth of your account) Edit View Insert Format Tools Table 12pt Paragraph BIAY DO

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