The initial margin as established by the Federal Reserve is $60\%.$ The maintenance margin is $40\%.$ You have $$3,000$ in cash that you want to invest in Meta, which trades for $$\frac{200}{?}$ share. The stock does not pay a dividend. You believe the stock is undervalued, so you buy as much stock as possible utilizing the margin. The broker charges $10\%$ per year on borrowings.

What is your percentage return if the stock price increases to $$\frac{250}{?}$ share over the next year?

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