Megan Bought 200 Shares of Stock at a Price of $10

Multiple Choice

Megan bought 200 shares of stock at a price of $10 a share, assuming a margin loan of 30%. Megan sold her shares after a year for $12 a share. Ignoring margin interest and trading costs, what is Megan's return on investor's equity for this investment?

A) 67%
B) 10%
C) 29%
D) 14%