Question: 19.03% is NOT the correct answer. Problem 4-05 4 Question 19 of 20D Check My Work (No more tries available) eBook Problem 4-05 A year

19.03% is NOT the correct answer. Problem 4-05 4 Question 19

19.03% is NOT the correct answer.

Problem 4-05 4 Question 19 of 20D Check My Work (No more tries available) eBook Problem 4-05 A year ago, Kim Altman purchased 180 shares of BLK, Inc. for $26.00 on margin. At that time the margin requirement was 20 percent. If the interest rate on borrowed funds was 5 percent and she sold the stock for $31.00, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places. 19.03 | %

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