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You purchased 400 shares of TTB at $81.87 per shares on your margin, which as an initial margin of 65% (or 0.65). You use your
You purchased 400 shares of TTB at $81.87 per shares on your margin, which as an initial margin of 65% (or 0.65). You use your full margin potential (meaning you borrow the full amount you are allowed). Your objective is to make a Holding Period Return of 20% (or 0.20). At what price per share will you get to your goal and sell your shares? (neglect any interest paid on your loan.)
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