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Intro The price of Facebook stock is currently at $30 and you decide to buy 200 shares on margin. You borrow $3,000 from your broker

Intro

The price of Facebook stock is currently at $30 and you decide to buy 200 shares on margin. You borrow $3,000 from your broker and finance the remainder of the purchase with your own cash.

Attempt 1/1 for 10 pts.

Part 1

What is your initial percentage margin?

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Attempt 1/1 for 10 pts.

Part 2

If the price rises to $35, what is the net return?

3+ Decimals

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