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Assume you want to buy 100 shares of stock at $50 per share because you feel it will rise to $60 within 3 months. The

Assume you want to buy 100 shares of stock at $50 per share because you feel it will rise to $60 within 3 months. The stock pays $4 per share in annual dividends. You are going to buy the stock with a 70% margin and will pay 8.5% interest on the margin loan.

Calculate the return if the price indeed goes up to $60 in 3 months?

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