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Mike has a margin account with a 58% initial margin requirement. He purchased BBDO stock at 22 and later sold it for 31 . What
Mike has a margin account with a 58% initial margin requirement. He purchased BBDO stock at 22 and later sold it for 31 . What was his holding period return considering the use of his margin leverage?
(Enter your percentage answer as a number rounded to 2 decimal places. For example, 10.25% would be entered as 10.25)
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