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You purchased 300 shares of ABC stock on margin for $60 per share. The initial margin is 60% and the stock pays no dividend. What

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You purchased 300 shares of ABC stock on margin for $60 per share. The initial margin is 60% and the stock pays no dividend. What would your rate of return be if you sell the stock at $45 per share one year later? The interest rate on margin loan is 5% per year. -54.2% 0-33.3% O -45.0% -25.0% -41.7%

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