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Suppose you purchase 300 shares of stock at $80 per share with initial cash investment of $15,000. Assume the maintenance margin is 30%. If the

Suppose you purchase 300 shares of stock at $80 per share with initial cash investment of $15,000. Assume the maintenance margin is 30%. If the call money rate is 5% and 1.5% spread, find your return if the stock price is $96 one year later.

25.29%

32.42%

22.53%

28.10%

20.25%

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