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Giusani purchases 100 shares of stock selling for $90 per share, using a margin of 60 percent; if the stock pays annual dividends of $3
Giusani purchases 100 shares of stock selling for $90 per share, using a margin of 60 percent; if the stock pays annual dividends of $3 per share and a margin loan can be obtained at an annual interest cost of 7%, determine the return on invested capital the investor Giusani would realize if the price of the stock increases to $110 within a year.
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