l buy 100 shares of stock at $2 a share, with $100 of my own money. I
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Question:
l buy 100 shares of stock at $2 a share, with $100 of my own money. I borrow another $100 at 10 percent interest. The share price stays constant at $2. My rate of return is approximately.
2 percent.
0 percent
5 percent.
10 percent
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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