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Your broker requires an initial margin of 5 0 % and a maintainance margin of 3 0 % on a margin account. You deposit $

Your broker requires an initial margin of 50% and a maintainance margin of 30% on a margin account. You deposit $240,000 cash into the account and purchase stocks using all available margin and borrowing the rest from your broker. Later, the value of your stock holdings goes to $346,000. What is your dollar return?
A.+$240,000
B.+$130,000
C.+$106,000
D.-$134,000

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