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Suppose the call money rate is 5 . 8 percent, and you pay a spread of 1 . 9 percent over that. You buy 1

Suppose the call money rate is 5.8 percent, and you pay a spread of 1.9 percent over that. You buy 1,100 shares at $55 per share with an initial margin of 55 percent. One year later, the stock is selling for $61 per share and you close out your position.
Do not round intermediate calculations. Round your final answers to 2 decimal places, without using 1000 separators.
What is the amount of margin and margin loan?
Margin: $
Margin loan: $
2. If the stock falls below what price, you will receive a margin call from your broker?
Critical Price: $
3. What is your holding period return assuming no dividends are paid?
1-year HPR (%): %

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