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Suppose you have $10,000 in cash and you decide to borrow another $10,000 at a 6% interest rate to invest in the stock market.You invest the entire $20,000 in an exchange traded fund (ETF) with a 12% expected return and a 20% volatility.
-Assume that the EFT you invested in returns -10%,then the realized return on your investment is closest to:
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Double-Entry Bookkeeping System
A method of accounting where every transaction is recorded in at least two accounts, with one account being debited and another credited, ensuring the accounting equation balances.
Single-Entry System
An accounting method where each financial transaction is recorded with only one entry, making it simpler but less detailed than double-entry systems.
Accounting Program
An educational curriculum designed to prepare students for careers in financial reporting, auditing, tax, and management accounting.
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