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You purchase 10 shares of ABC in a margin account at $100 with an initial margin of 60%. ABC does not pay a dividend. The

You purchase 10 shares of ABC in a margin account at $100 with an initial margin of 60%. ABC does not pay a dividend. The cost of borrowing from your broker is 5%. What is your percentage return if in 1 year the stock is at $110? Round your answer to 2 decimal places and exclude the percentage sign.

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