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Question 1 You purchased shares of Broussard Company using 50 percent margin; you invested a total of $20,000 (buying 1,000 shares at a price of

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Question 1 You purchased shares of Broussard Company using 50 percent margin; you invested a total of $20,000 (buying 1,000 shares at a price of $20 per share) by using $10,000 of your own funds and borrowing $10,000. Determine your percentage profit or loss if the stock price rises to $23 a share (ignore borrowing costs, dividends, and taxes). 25% 27% 10% O 30% Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 1 of 2 used

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