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You purchase 100 shares for $60 a share ($6,000), and after a year the price rises to $70. Calculate the percentage return on your investment
You purchase 100 shares for $60 a share ($6,000), and after a year the price rises to $70. Calculate the percentage return on your investment if you bought the stock on margin and the margin requirement was (ignore commissions, dividends, and interest expense):
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25 percent. Round your answer to one decimal place.
%
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65 percent. Round your answer to one decimal place.
%
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75 percent. Round your answer to one decimal place.
%
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