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You invest $6,000 in ABC stock. You also.22 borrowed an additional $8,000 to increase your investment in ABC. The interest rate on the loan is
You invest $6,000 in ABC stock. You also.22 borrowed an additional $8,000 to increase your investment in ABC. The interest rate on the loan is 10%. You purchased the stock at $20 per share and hold it for one year. At the end of the year, you sold the stock at $30 per share. What is your rate of return on this * ?investment ) (2 ) 17.7% O 14.4% O 25.76% O 36.6%
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Auditing Advances In Behavioral Research
Authors: Lawrence A. Ponemon, David R.L. Gabhart
1st Edition
0387976191, 978-0387976198
