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You purchased 30 shares of Intel stock on margin for $46 per share. The initial margin is 50% and the stock pays no dividend. What

You purchased 30 shares of Intel stock on margin for $46 per share. The initial margin is 50% and the stock pays no dividend. What would be your rate of return (round up to two decimal places) be if you sell the stock at $50 per share? Ignore interest on margin.

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