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You purchase 1200 shares of madoka corp. at a price of $85 per share in a cash account. 1.assume the stock decreases to $78 per

You purchase 1200 shares of madoka corp. at a price of $85 per share in a cash account.

1.assume the stock decreases to $78 per share. show the new account blance

2.calculate the percentage gain or loss on the stock

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