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Suppose you bought 3 0 0 shares of Howard Corp on margin exactly on year ago for $ 4 2 . Your initial margin requirement

Suppose you bought 300 shares of Howard Corp on margin exactly on year ago for $42. Your initial margin requirement at the time was 35%, and interest was charged at 10% annual, compounded monthly. The stock is now trading at $51. What is the percentage return on your equity over the year? Express your response in decimals, for example, .08- not 8%. Round to four decimal places.

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