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4. You bought 4000 shares of stock on margin 9 months ago. At that time, you opened your margin account and paid $32.30 a share,

4. You bought 4000 shares of stock on margin 9 months ago. At that time, you opened your margin account and paid $32.30 a share, investing just enough to hit the necessary initial margin requirement of 25%. The remainder of the investment was financed by a broker loan, interest and principal paid when you close your position, and charging 6% EAR. Given that you have just sold your entire position and realized a net annualized return of 30%, what must be the current price of the stock? A) Cannot be computed with the information provided B) $33.70 C) $35.13 D) $35.40 E) $35.79

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