Jane buys 941.1 Blue Sky shares at $9.50. She borrows $5700 of the purchase price from the

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Jane buys 941.1 Blue Sky shares at $9.50. She borrows $5700 of the

purchase price from the sharebroker at 12% per annum. Six months later, she

sells the shares for $13.90 per share.

What is the profit as a percentage on the original investment? please include workings.

Posted Date: May 19, 2024 04:09 AM

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Jane buys 941.1 Blue Sky shares at $9.50. She borrows $5700 of the purchase price from the

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