Currently, the price of Mattco stock is $30 a share. You have $30,000 of your own funds
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Question:
Currently, the price of Mattco stock is $30 a share. You have $30,000 of your own funds to invest. Using the maximum margin allowed of 50%, what is your percentage profit or loss if you purchase the stock and it rises to $33 a share (ignore dividends and taxes)? A,B,C or D
A)20%
B)10%
C)15%
D)30%
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