Question: QUESTION 6 Problem 3.2 (d) De Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $38 per share. She borrows $4,300

 QUESTION 6 Problem 3.2 (d) De Trader opens a brokerage account

QUESTION 6 Problem 3.2 (d) De Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $38 per share. She borrows $4,300 from her broker to help pay for the purchase. The interest rate on the loan is 9%. If the share price falls to $28 per share by the end of the year, what is the rate of return on her investment? (Negative value should be indicated by a minus sign. Enter your answer in percentage points. Round your answer to 2 decimal places.)

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