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You buy 100 shares of stock at a price of $51.37, using 30% initial margin. Some time later, the stock is trading at $49.07, and
You buy 100 shares of stock at a price of $51.37, using 30% initial margin. Some time later, the stock is trading at $49.07, and you sell it and repay the loan. What is your return on this position? Assume no dividends were paid and no interest was accrued on the broker's loan. Enter answer in percents, to two decimal places
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