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You purchased 100 shares of common stock on margin at $55 per share. Assume the initial margin is 50%, and the maintenance margin is

image text in transcribed " You purchased 100 shares of common stock on margin at $55 per share. Assume the initial margin is 50%, and the maintenance margin is 40%. Assume the stock pays no dividend; ignore interest on margin. What would your rate of return be if you sell the stock at $60 per share

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