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A year ago, Kim Altman purchased 210 shares of BLK, Inc. for $40.00 on margin. At...

A year ago, Kim Altman purchased 210 shares of BLK, Inc. for $40.00 on margin. At that time the margin requirement was 40 percent. If the interest rate on borrowed funds was 12 percent and she sold the stock for $45.50, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places.

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