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Lets assume youre taking a long position for a stock. When the stock price goes up, HPR with margin provides ---- return compared to HPR

Lets assume youre taking a long position for a stock. When the stock price goes up, HPR with margin provides ---- return compared to HPR without margin; and when the stock price goes down, HPR with margin provides ----- loss compared to HPR without margin.

Multiple Choice

A. lower; lower

B. greater; lower

C. greater; greater

D. It depends on the initial margin.

E. lower; greater

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