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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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