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Suppose you purchase 800 shares of stock at $61 per share with an initial cash investment of $24,400. The call money rate is 5 percent

Suppose you purchase 800 shares of stock at $61 per share with an initial cash investment of $24,400. The call money rate is 5 percent and you are charged a 1.5 percent premium over this rate. Ignore dividends. Calculate your return on this investment one year later if the price is $69.

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