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You purchase 1,000 shares of Pfizer (PFE) at $35 per share by giving your broker $20,000 to establish your margin account. PFE does not pay
You purchase 1,000 shares of Pfizer (PFE) at $35 per share by giving your broker $20,000 to establish your margin account. PFE does not pay a dividend. If you earn no interest on the funds in your margin account, what will be your rate of return if PFE is immediately (t=0) selling at $30?
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