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QUESTION 4 Suppose the call money rate is 7 percent, and you pay a spread of 1.9 percent over that. You buy 900 shares at

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QUESTION 4 Suppose the call money rate is 7 percent, and you pay a spread of 1.9 percent over that. You buy 900 shares at $46 per share with an initial margin of 60 percent. One year later, the stock is seling for $43 per share and you close out your position. What is your return assuming no dividends are paid? (Do not found intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) QUESTION 5 You purchase 550 shares of 2nd Chance Co. stock on margin at a price of $55. Your broker requires you to deposit $15,500. a. Suppose you sell the stock at a price of $62. What is your return

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