Solved: Angela paid a total of 70 in margin interest for the year, Accounting Basics

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Angela paid a total of 70 in margin interest for the year

Question - Last year Angela used her 60% margin account and purchased 100 shares of stock at a price of $33 a share. Today she sold this stock for $36 a share. Angela paid a total of $70 in margin interest for the year. Ignoring transaction costs, what rate of return did Angela earn on this investment?

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Accounting Basics: Angela paid a total of 70 in margin interest for the year

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