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You purchased 600 shares of common stock on margin at $40 per share and sold them 6 months later at $45. Assume the margin

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You purchased 600 shares of common stock on margin at $40 per share and sold them 6 months later at $45. Assume the margin requirement is 80%, interest on margin used is 5%, and commission paid on each transaction is 2%. What is your capital gain on this investment? The capital gain on the investment is $ (Round the final answer to two decimal places. Enter the answer without symbols (ie. if the answer is $1.35 enter 1.35 in the answer box)

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