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TGT is currently trading at $40 per share. You decide to buy 1,000 shares on margin with a margin percentage of 70%. Your margin loan

TGT is currently trading at $40 per share. You decide to buy 1,000 shares on margin with a margin percentage of 70%. Your margin loan carries an interest rate of 10% p.a. One year from today, you sell TGT at $50 per share. Your Net Profit is $__________.

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