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Question 10 (10 points) Listen Your broker requires a margin of 40% on a stock purchase. You fully use the margin allowed to purchase 100

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Question 10 (10 points) Listen Your broker requires a margin of 40% on a stock purchase. You fully use the margin allowed to purchase 100 shares of Kennesaw Corp. at $60. If the price drops to $50, what is your percentage loss? 1) 38.15% 2) 41.67% 3) 48.25% 4) 52.76%

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