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John bought 200 shares of shock for 80 dollars per share. He invested 20,000 of his own money and was lent 10,000 from a broker
John bought 200 shares of shock for 80 dollars per share. He invested 20,000 of his own money and was lent 10,000 from a broker with 8% interest per year. The maintenance Margin is 15%. What is John's stocks increase to $100 dollars per share? What is the rate of return for buying on margins?
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