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suppose you buy a round lot of stock on 53.46% margin when it is selling at $55 a share. The broker charges a 10.81% annual

suppose you buy a round lot of stock on 53.46% margin when it is selling at $55 a share. The broker charges a 10.81% annual interest rate and commissions are 3% of the total stock value on both the purchase and sale. If at year end you receive a $1.10 per share dividend and sell the stock for $57.50 what is your dollar profit or loss in this investment? show your computations

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