Question: Please don't solve using excel. Please solve by hand or type it out. You purchased 300 shares of common stock for $30 per share. The

Please don't solve using excel. Please solve by hand or type it out.

You purchased 300 shares of common stock for $30 per share. The initial margin is 60% and the stock pays no dividend. Your rate of return on equity would be if you sell the stock at $40 per share. The call loan rate is 5%

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