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You purchased 400 shares of common stock on margin at $45 per share and sold them 9 months later at $65. Assume the margin requirement

You purchased 400 shares of common stock on margin at $45 per share and sold them 9 months later at $65. Assume the margin requirement is 80%, interest rate on margin used is 3%, and the commission paid on each transaction is 2%. What is your yield on this investment?

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