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Lee decides to buy on margin 84 shares of UEV, which are selling for $51 per share. The initial margin requirement is 65% and the

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Lee decides to buy on margin 84 shares of UEV, which are selling for $51 per share. The initial margin requirement is 65% and the maintenance margin is 30%. Lee decides to use the maximum leverage possible (i.e. largest loan possible with these initial and maintenance margins). The interest rate on the loan is an APR of 9% with a daily compounding period. If after exactly 11 days the stock price rises to $59.22 and Lee sells the stock, which answer below is closest to Lee's holding period return? For simplicity, please igtrore transaction costs. \begin{tabular}{l} \hline .12% \\ \hline 12.46% \\ \hline 19.95% \\ \hline 21.90% \\ \hline 24.65% \end{tabular}

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