Question: eBook Problem 4 - 0 2 You purchase 1 5 0 shares for $ 4 0 a share ( $ 6 , 0 0 0

eBook
Problem 4-02
You purchase 150 shares for $40 a share ($6,000), and after a year the price falls to $35. Calculate the percentage return on your investment if you bought the stock on margin and the margin requirement was (ignore commissions, dividends, and interest expense):

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