Question: 1 0 . You had $ 3 , 0 0 0 cash deposit in the margin account. You borrowed 2 0 0 shares of Doggie

10. You had $3,000 cash deposit in the margin account. You borrowed 200 shares of Doggie Treats Inc. stock from the broker and sold them at $25 per share. The broker requires a 25% maintenance margin. At the end of the year, Doggie Treats Ine. will pay a year-end dividend of $0.5 per share.1) If stock price drops to $20 next year after the dividend payment, what will be the return rate of your deposited money? (6 points)

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