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Based on the $10,000 drop in market value outlined in (5) to $30,000, what is the % gain/loss on your initial deposit? (5) You purchase
Based on the $10,000 drop in market value outlined in (5) to $30,000, what is the % gain/loss on your initial deposit?
(5) You purchase $40,000 worth of stock by borrowing $20,000 from Morgan Stanley and paying $20,000 yourself. If the market value drops by $10,000, what is the remaining equity in your account?
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