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Business, 26.10.2021 14:00 nicolasliberat

An investor puts up $6,000 but borrows an equal amount of money from his broker to double the amount invested to $12,000. The broker charges 4% on the loan. The stock was originally purchased at $30 per share, and in 1 year the investor sells the stock for $33. The investor's rate of return was . Multiple Choice 8.00% 12.00% 6.00% 16.00%

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