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An investor purchased shares with a market price of $50 when the initial margin requirement was 70%. If the price increases to $60, the investor's

An investor purchased shares with a market price of $50 when the initial margin requirement was 70%. If the price increases to $60, the investor's rate of return, ignoring dividends and interest, is closest to: a. 20% b. 24% c. 29% d. 30%

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