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Show steps Carry decimals to 4 points You purchase 555 shares of XYZ Co, stock on margin at a price of $27. Your broker requires

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Carry decimals to 4 points

You purchase 555 shares of XYZ Co, stock on margin at a price of $27. Your broker requires you to deposit $6,879. A month later, you sell the stock at a price of $30. What is your return in percent? Answer to two decimals

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