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You purchased 600 shares of TTB at $48.86 per shares on your margin, which as an initial margin of 55% (or 0.55). Your objective is
You purchased 600 shares of TTB at $48.86 per shares on your margin, which as an initial margin of 55% (or 0.55). 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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