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8 months ago, you bought 500 shares of stock on margin at a price of $82. The initial margin requirement on the account is 60
8 months ago, you bought 500 shares of stock on margin at a price of $82. The initial margin requirement on the account is 60 percent and the maintenance margin is 30 percent. The call money rate is 5.8 percent and you pay 2 percent above that rate. Today, you sold the shares for $95.24 each. What's your annualized rate of return?
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