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Assume that Vogl stock is priced at 5 0 per share and pays a dividend of $ 1 per share. An investor purchases the stock

Assume that Vogl stock is priced at 50 per share and pays a dividend of $1 per share. An investor purchases the stock on margin, paying $30 per share and borrowing the remainger from the brokerage firm at 10 percent annualized interest. If, after one year, the stock is sold at a price of $60 per share, what is the return to the investor?

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