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8) Suppose the call money rate is 5.6%, and you pay a spread of 1.2 % over that. You buy 1,000 shares at $40 per

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8) Suppose the call money rate is 5.6%, and you pay a spread of 1.2 % over that. You buy 1,000 shares at $40 per share with an initial margin of 60%. Eight months later, the stock is selling for $45 per share and you close out your position. What is your return assuming no dividends are paid

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