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April is bullish on SNAP's equity issues and purchases $56000 worth of SNAP on 45% margin, with an interest rate of 6% on the loan from the broker

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April is bullish on SNAP's equity issues and purchases $56000 worth of SNAP on 45% margin, with an interest rate of 6% on the loan from the broker. What is April's rate of return if SNAP stock goes up 15% in the next year? Please report your answer in percent terms rounded to two decimal places. Your Answer: Answer units