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Mathematics, 25.03.2020 20:49 maddymaddy
Rick Mendez bought stock for $5,000, using $2,500 of his own money and $2,500 borrowed from the broker. One month later, the stock is sold for $5,650. Interest owed to the broker is $30; brokerage commissions to buy and sell the stock totaled $300. Rates of return: %
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Rick Mendez bought stock for $5,000, using $2,500 of his own money and $2,500 borrowed from the brok...
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