Mathematics, 30.03.2021 01:30 marlesly87

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...