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The maintenance margin is 23%. An investor purchases $30K of GOOG stocks. She pays $9K cash and borrows $3K from her broker. Investor pays 9%

The maintenance margin is 23%. An investor purchases $30K of GOOG stocks. She pays $9K cash and borrows $3K from her broker. Investor pays 9% annual interest on the call loan. What is the margin on her account? One year later, the value of IBM stocks decrease to $10K. Will the investor receive a margin call or not? What is the rate of return on the investment?

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