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You purchase 200 shares for $70 a share ($14,000), and after a year the price falls to $65. Calculate the percentage return on your investment
You purchase 200 shares for $70 a share ($14,000), and after a year the price falls to $65. 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):
25 percent.
40 percent.
75 percent.
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