A broker wants to sell a customer an investment costing $ 1 0 0 with an expected
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Question:
A broker wants to sell a customer an investment costing $ with an expected payoff in one year of $ The customer indicates that a percent return is not very attractive. The broker responds by suggesting the customer borrow $ for one year at percent interest to help pay for the investment.a What is the customers expected return if she borrows the money?Note: Round your answer to decimal place.
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