Assume That Michaela Purchases $12,000 Worth of a Stock

question 63

Multiple Choice

Assume that Michaela purchases $12,000 worth of a stock.To do so she uses $2,000 of her own money and borrows the remaining $10,000 at an 8.0 percent interest rate.If the stock's value increases by 20 percent in one year and she sells the stock at that time, what is her rate of return?

• A)13 percent
• B)16 percent
• C)20 percent
• D)80 percent

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Definitions:

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The underlying genetic contribution to a trait, behavior, or disorder, determined by genes inherited from one's parents.

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