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Tobit bought $1,100 worth of stock on margin with an initial margin requirement of 66%. A change in the stock price caused the margin to
Tobit bought $1,100 worth of stock on margin with an initial margin requirement of 66%. A change in the stock price caused the margin to increase to 79%. By how much did Tobin's ROE exceed ROA? Express your answer as a decimal with three digits after the decimal point (e.g., 0.123, not 12.3%).
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