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Please complete the following problems. Show all your work. Be sure to specify all equations used and your process. You purchased 10,000 shares of stock

Please complete the following problems. Show all your work. Be sure to specify all equations used and your process.

You purchased 10,000 shares of stock JKL at price $30 on 60% margin. The call money rate is 3% and the spread is 1%. You sell the shares 3 months later when the price is $34. What is the total dollar return? Total percent return? Total annualized return?

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