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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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