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Question: suppose the call money rate is 68 percent and you...

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Suppose the call money rate is 6.8 percent, and you pay a spread of 1.9 percent over that. You buy 1000 shares at 63 dollars per share with an initial margin of 70 percent. One year later, the stock is selling for 68 per share and you close out your position. what is your return assuming no dividends are paid?

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