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An investor bought 2,000 shares of Pharmaceutical Company for $45 per share. Since the initial purchase exactly one year ago, the market price of the

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An investor bought 2,000 shares of Pharmaceutical Company for $45 per share. Since the initial purchase exactly one year ago, the market price of the stock has risen to $60 per share. Pharmaceutical Company has not paid a dividend on its stock during the past year. 2. What was the return on the investment to the investor during the first year of the investment? (3 points) a. Assume the investor purchased the stock on margin and borrowed funds at the exchange's initial margin requirement limit of 60%. The investor paid out of pocket 6% interest on the borrowed funds. b. What was the return on the investment to the investor during the first year of the investment? (3 points) 1) What is the investor's current margin position on the account? (3 points) 2)

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