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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 70% margin and will pay 8.0% interest on the margin loan.

Calculate the return if the price go up to $55 in 3 months.

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