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You buy 1,000 shares of Apple, Inc. at $170/share with an initial margin requirement of 50%. Your maintenance margin requirement is 30%. You must pay

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You buy 1,000 shares of Apple, Inc. at $170/share with an initial margin requirement of 50%. Your maintenance margin requirement is 30%. You must pay 5% Interest on funds borrowed, but receive $2/share dividend. What must the price of Apple be after one year for a 20% total return? Multiple Choice $212.30 $204.00 $189.25 $187.00

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