Question: Back to Assignment Attempts Average / 1 5. Problem 4-05 A-Z eBook Problem 4-05 A year ago, Kim Altman purchased 260 shares of BLK, Inc.

Back to Assignment Attempts Average / 1 5. Problem 4-05 A-Z

Back to Assignment Attempts Average / 1 5. Problem 4-05 A-Z eBook Problem 4-05 A year ago, Kim Altman purchased 260 shares of BLK, Inc. for $20.50 on margin. At that time the margin requirement was 60 percent. If the interest rate on borrowed funds was 6 percent and she sold the stock for $26.50, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places. % Grade it Now Save & Continue ry Continue without saving

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