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Homework answers / question archive / An investor buys $21,000 worth of a stock priced at $30/Share using 65% initial margin

An investor buys $21,000 worth of a stock priced at $30/Share using 65% initial margin.

The broker charges 7.5% on the loan. The stock pays a $.3/share dividend. The stock was sold one year later for $33/share. What was the investors rate of return in one year?

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