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2) You want to buy 100 shares of MNO using a 60% margin. The maintenance margin is 30%. The current price of MNO is $

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2) You want to buy 100 shares of MNO using a 60% margin. The maintenance margin is 30%. The current price of MNO is $ 70. How much money did you have to invest today and how much money did you borrow? What price will trigger a margin call? What is the overall rate of return on your investment if you sell the stock 6 months later at a price of $77? What is the overall rate of return on your investment if you sell the stock 6 months later at a price of $65. (assume the margin loan (call rate) rate is 8% per year)

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