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11) Three months ago, Trevor purchased 500 shares of stock at a cost per share of $64.20. made on margin with an initial margin requirement

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11) Three months ago, Trevor purchased 500 shares of stock at a cost per share of $64.20. made on margin with an initial margin requirement of 65 percent. Trevor pays 1.6 percent over the call money rate of 4.8 percent. What will his total dollar return be on this investment if he sells his shares today at a price per share of $63.40? Ignore dividends. 2 pts Show all work and explain. 32100 - 31750 : 400 500x64,20 32100 SoD 63.40 - 31 700 He will be down 400 nnntion that can only be exercised at expiration? Ipt

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