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Assume you purchased 1,875 shares of common stock at $46.31 per share. The initial margin was 47%. The stock paid $2.93 dividend per share and

Assume you purchased 1,875 shares of common stock at $46.31 per share. The initial margin was 47%. The stock paid $2.93 dividend per share and you paid 3.7% interest on the broker loan during the period. What would be your rate of return if you sold the stock at $54.65 per share?

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