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Lauren purchases 1,000 shares of Walsh Corp. at the beginning of the year when the market price of those shares was $20.00.During the year she
Lauren purchases 1,000 shares of Walsh Corp. at the beginning of the year when the market price of those shares was $20.00.During the year she receives a dividend of $1.50 per share and sells the stock at the end of the year for $22.50 per share.Calculate Lauren's total percentage return on this investment if she:(a) pays for the shares in-full with cash; and, (b) uses the 40% margin her broker offers.Ignore commissions, interest charges and taxes
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