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Suppose an investor initially buys 1,000 shares of stock at $70 per share with 50%...

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Finance

Suppose an investor initially buys 1,000 shares of stock at $70 per share with 50% margin. The broker charges the investor at 6.5% annual interest on the margin loan. Suppose that the investor sells the 1,000 shares of stock one year later at $80 per share. How many percent is the investor's rate of return?

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