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You borrowed $2,000 to buy shares of Apple on margin. When you purchased shares, you paid $5,500. You sold these shares for $6,450. The shares
You borrowed $2,000 to buy shares of Apple on margin. When you purchased shares, you paid $5,500. You sold these shares for $6,450. The shares paid a total of $54 during the holding period. You also owe $35 in interest to your broker. What was your return on this trade?
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