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Question 23 (0.8 points) You purchased 300 shares of common stock on margin for $50 per share. The initial margin is 60% and the stock

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Question 23 (0.8 points) You purchased 300 shares of common stock on margin for $50 per share. The initial margin is 60% and the stock pays no dividend. Your rate of return would be approximately, if you sell the stock at $40 per share. Ignore interest -33% 3396 5698

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