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Maddie buys 83 shares of American Express corp at $91. She borrowed $4,380.74 from a broker with a margin loan charging 5% simple interest. The
Maddie buys 83 shares of American Express corp at $91. She borrowed $4,380.74 from a broker with a margin loan charging 5% simple interest. The rest is paid for by Maddie. What is Maddie's rate of return after one period if the stock price falls to $82?
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