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You purchased 500 shares of common stock on margin for $25 per share. The initial margin is 60%, and the stock pays no dividend. Your

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You purchased 500 shares of common stock on margin for $25 per share. The initial margin is 60%, and the stock pays no dividend. Your rate of return would be if you sell the stock at $32 per share. Ignore interest on margin. 46.67% 21.88% 70.00% 62.33%

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