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You have opened an account with a local broker & you placed an order for 4,000.0 shares of KLM corp. @ $8.0 a share.

You have opened an account with a local broker & you placed an order for 4,000.0 shares of KLM corp. @ $8.0 a share. The initial margin is 50.0%; the broker's rate is 6.0% and the maintenance margin is 30.0%. If you keep the stock for one year & the stock price goes up to $12.0 a share, you annual return would be:-

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