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You have $15,000 sitting in your brokerage account. You borrow $10,000 on the margin and buy $25,000 of IBM stock at $10 per share. The

You have $15,000 sitting in your brokerage account. You borrow $10,000 on the margin and buy $25,000 of IBM stock at $10 per share. The intrest rate on the margin borrowing is 10.6%. After one year, the price per share is $7. What is your profit or loss?

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