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Calculate the expected return and variance on 100 shares of AAPL with and without a zero-interest margin loan for a 50% margin. Then calculate the
Calculate the expected return and variance on 100 shares of AAPL with and without a zero-interest margin loan for a 50% margin. Then calculate the return on invested capital not including the margin loan. The stock can either move up 5% or down 2% with equal probability (50%). Show all work
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