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Suppose you can buy 9 8 3 shares of Vertex Pharmaceuticals Incorporated ( VRTX ) stock on margin at $ 1 6 7 per share.
Suppose you can buy shares of Vertex Pharmaceuticals Incorporated VRTX stock on margin at $ per share. Your initial margin is and you borrow at the percent. You sell your VRTX shares months later for $ per share. There were no dividends paid and the prices reflect commissions paid. What is your percent return if you buy on margin?
Enter the answer in as a percent eg not a decimal
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