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You purchased 250 shares of common. 19 stock on margin for $28 per share. The initial margin is 70% and the stock pays no dividend

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You purchased 250 shares of common. 19 stock on margin for $28 per share. The initial margin is 70% and the stock pays no dividend but has a trading cost of $0.1 per share. Your rate of return would be if you sell the stock at $36 per *.share. Ignore interest on margin 2) (2 ) 40.81% 40.30% O 40.00%

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