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Problem 4-08 Lisa Lasher buys 420 shares of stock on margin at $28 per share. If the margin requirement is 30 percent, how much must

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Problem 4-08 Lisa Lasher buys 420 shares of stock on margin at $28 per share. If the margin requirement is 30 percent, how much must the stock rise for her to realize a 25-percent return on her invested funds? (Ignore dividends, commissions, and interest on borrowed funds.) Round your answer to the nearest cent. $ 28.00

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