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Problem 4-01 You purchase 190 shares for $50 a share ($9,500), and after a year the price rises to $60. Calculate the percentage return on
Problem 4-01 You purchase 190 shares for $50 a share ($9,500), and after a year the price rises to $60. 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. 35 percent. Round your answer to one decimal place. % c. 75 percent. Round your answer to one decimal place. %
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