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You decide to purchase 350 shares when they sell at $45 each by using leverage. The initial margin is 50%. If you sell the stock
You decide to purchase 350 shares when they sell at $45 each by using leverage.
The initial margin is 50%. If you sell the stock at $49 per share what would your return be? Assuming no interest on the margin amount and stock pays no dividend.
A. 9%
B. 18%
C. 10%
5%
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