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You purchased 500 shares of a stock at $30 per share. The initial margin is 60%. If you sell the shares at a price of

You purchased 500 shares of a stock at $30 per share. The initial margin is 60%. If you sell the shares at a price of $42 one year from now and the margin interest rate was 10%, what was your rate of return?

-50.00%

33.33%

23.33%

-60.00%

60.00%

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