Multiple Choice
Assume Joe invests a total of $10,000 in a company - $5,000 of which is his own money and $5,000 which he borrowed at a 10% interest rate.If the company's stock value increases by 20% in one year at which time Joe sells his shares of the stock, what is Joe's rate of return on his investment?
A) 10%
B) 15%
C) 20%
D) 30%
Correct Answer:
Verified
Correct Answer:
Verified
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