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Suppose an investor purchases a 100 shares of stock at $60 per share. The cash balance in his account before the purchase was $4000. To

Suppose an investor purchases a 100 shares of stock at $60 per share. The cash balance in his account before the purchase was $4000. To cover his purchase, the investor borrows his remaining obligation from a broker. After a few weeks, the price of the stock drops to $53 per share. What is investors percentage margin?

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