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Brian invested $5,000 and borrowed $5,000 to purchase shares in a large retailing company. At the time of his investment, the stocks were selling for
Brian invested $5,000 and borrowed $5,000 to purchase shares in a large retailing company. At the time of his investment, the stocks were selling for $53 a share.
Assume Brian did use margin and his money, paid a $85 commission to buy, and paid $170 in interest and commission to sell his stocks. How much profit did he make on this investment if he sold the stocks for $59 per share
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