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Problem 4 - 0 1 You purchase 9 0 shares for $ 7 0 a share ( $ 6 , 3 0 0 ) ,

Problem 4-01
You purchase 90 shares for $70 a share ($6,300), and after a year the price rises to $80. Calculate the percentage return on your investment if you bought the stock on margin and the margin requirement was (ignore commissions, dividends, and interest expense):
a.25 percent. Round your answer to one decimal place.
%
b.60 percent. Round your answer to one decimal place.
%
c.75 percent. Round your answer to one decimal place.
%
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