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15. Suppose you purchase 100 of Malebe Industries stock on 55% margin when it is selling at R35 a share. The broker charges a 10

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15. Suppose you purchase 100 of Malebe Industries stock on 55% margin when it is selling at R35 a share. The broker charges a 10 percent annual interest rate and commissions are 5 percent of the total stock value on both the purchase and the sale. If at year end you receive a R1.00 per share dividend and sell the stock for R42.63, what is the total profit or loss made? A) - R123.35 B) R288.15 C) R299.85 D) R399.15 I rost - Intrest

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