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You purchased 4 0 0 shares of a non - dividend paying stock at $ 5 0 . 0 0 per share using 5 0

You purchased 400 shares of a non-dividend paying stock at $50.00 per share using 50% margin at a 10% annual interest rate. A year later you sold the stock for $48.31 and paid your annual interest on the margin loan. You paid $40 in commission in total. What was your total loss on this investment?

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