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You purchased 300 shares of Company B's common stock on margin at $60 per share. Assume the initial margin is 60%, and the maintenance margin
You purchased 300 shares of Company B's common stock on margin at $60 per share. Assume the initial margin is 60%, and the maintenance margin is 30%. Assume the stock pays no dividend; ignore interest on margin. What would your rate of return be if you sell the stock at $45 per share?
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