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Buying on Margin You buy 165 shares of stock that are priced at $38 a share using the full amount of margin available. The broker

Buying on Margin You buy 165 shares of stock that are priced at $38 a share using the full amount of margin available. The broker charges you a 3% interest rate on the margin loan. If you sell the stock in one year for $37 a share what was your rate of return?

-8.26%

-7.83%

-2.63%

-8.17%

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