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The margin requirement on a stock purchase is 25%. You fully use the margin allowed to purchase 100 shares of MSFT at $40. If the
The margin requirement on a stock purchase is 25%. You fully use the margin allowed to purchase 100 shares of MSFT at $40. If the price drops to $22, what is your percentage gain? (please show your calculation)
15% (correct answer)
9%
240%
57%
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