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Question 18 please! Question 18 (0.15 points) You purchased 500 shares of a non-dividend paying stock at $50.00 per share using 50% margin at a
Question 18 please!
Question 18 (0.15 points) You purchased 500 shares of a non-dividend paying stock at $50.00 per share using 50% margin at a 10% annual interest rate. A year later you sold the stock for $44.77 and paid your annual interest on the margin loan. You paid $35 in commission in total. What was your total loss on this investment Step by Step Solution
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