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I need help with the process so I may learn how to do it myself. The call money rate is 3%, and you pay a

I need help with the process so I may learn how to do it myself.

The call money rate is 3%, and you pay a spread of 2.75 percentage points over that. You brought 700 shares at $40/share with an initial margin of 70%. One year later, the stock is selling for $49/share, and you close out your position. What is your return assuming no dividends are paid?

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