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You buy stock on margin in your brokerage account when it is trading at $37.73 per share. You have $3500 in equity (cash) in your
You buy stock on margin in your brokerage account when it is trading at $37.73 per share. You have $3500 in equity (cash) in your account and buy 155 shares. Your broker makes a margin loan so you can pay the difference at an annual rate of 0.0675 One year later the stock price is 58 What is the paper profit or loss on the trade as a percentage?
Group of answer choices 0.8524 0.8157 0.8959 0.7437 0.7655
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