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A year ago, Kim Altman purchased 170 shares of BLK, Inc. for $40.00 on margin. At...

A year ago, Kim Altman purchased 170 shares of BLK, Inc. for $40.00 on margin. At that time the margin requirement was 20 percent. If the interest rate on borrowed funds was 8 percent and she sold the stock for $49.00, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places.

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASEPE EPS, STOCK DIVIDEND - Microsoft Excel (Product Activation Failed) View Add-Ins Formulas Data Review - 2x 11 Dr General Fil

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