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You bought 800 shares of a stock that you purchased on margin at a price per share of $22. You put up $10,000 for the
You bought 800 shares of a stock that you purchased on margin at a price per share of $22. You put up $10,000 for the purchase. The stock immediately falls to $18 a share. Your current margin percentage is now ___ and the return you would earn if you closed out the position is ___.
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