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Robin sold 700 shares of a non-dividend paying stock this morning for a total of $25,760. She had purchased these shares on margin a year
Robin sold 700 shares of a non-dividend paying stock this morning for a total of $25,760. She had purchased these shares on margin a year ago at a cost per share of $35. The initial margin requirement on this stock is 60 percent and the maintenance margin is 40 percent. Robin pays 1.3 percent over the call money rate of 4.4 percent. What is her rate of return? Show work please
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