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Question 3 5 pts You buy 100 shares of stock at $40 per share on margin of 40%. If the price of the stock changes

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Question 3 5 pts You buy 100 shares of stock at $40 per share on margin of 40%. If the price of the stock changes to $38 per share, what is your percentage gain in equity? Disregard interest costs. (Keep 4 decimal places)

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