An investor puts up $7,700 but borrows an equal amount of money from their broker to double the amount invested to $15,400. The broker charges 6% on the loan. The stock was originally purchased at $24 per share and in one year the investor sells the stock for $30. calculate the investor's rate of return was _____?

Answer rating: 100% (QA)

The initial investment by the investor was 7700 and since the investor borrowed an ... View the full answer