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mdensmore mdensmore
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3 years ago
Megan bought 200 shares of stock at a price of $10 a share. She used her 70% margin account to make the purchase. Megan sold her stock after a year for $12 a share. Ignoring margin interest and trading costs, what is Megan's return on investor's equity for this investment?

▸ 67%

▸ 29%

▸ 14%

▸ 10%
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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pipi123pipi123
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3 years ago
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mdensmore Author
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3 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Starfiew
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Yesterday
This helped my grade so much Perfect
rene_ram97
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2 hours ago
Thanks
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