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You purchase 850 shares of 2nd Chance Co. stock on margin at a price of $39. Your broker requires you to deposit $17,000. Suppose you

You purchase 850 shares of 2nd Chance Co. stock on margin at a price of $39. Your broker requires you to deposit $17,000. Suppose you sell the stock at a price of $45. What is your return? What would your return have been had you purchased the stock without margin?

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