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You purchased 350 shares of common stock on margin for $30 per share. The initial margin is 65%, and the stock pays no dividend. Your

You purchased 350 shares of common stock on margin for $30 per share. The initial margin is 65%, and the stock pays no dividend. Your rate of return would be if stock price goes up to $32 per share next day. Ignore interest on margin.

15.41%

39.21%

80.00%

19.05%

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