Question: 5. Problem 4-05 Problem 4-05 A year ago, Kim Altman purchased 110 shares of BLK, Inc. for $36.50 on margin. At that time the margin

5. Problem 4-05 Problem 4-05 A year ago, Kim Altman purchased

5. Problem 4-05 Problem 4-05 A year ago, Kim Altman purchased 110 shares of BLK, Inc. for $36.50 on margin. At that time the margin requirement was 30 percent. If the interest rate on borrowed funds was 10 percent and she sold the stock for $43.50, what is the percentage return on the funds she invested in the stock? Roun your answer to two decimal places. Grade it Now Save & Continue Continye without saving

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