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You have $15,000 in your brokerage account. You borrow $10,000 on the margin and buy $25,000 of ABC shares at $10 per share. The interest
You have $15,000 in your brokerage account. You borrow $10,000 on the margin and buy $25,000 of ABC shares at $10 per share. The interest rate on the margin borrowing is 11.4%. After one year, the price of the share is $8. What is your profit? In case of a loss, put a - in front of the number
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