Question: You purchased a stock for $57.52 per share using 70% margin. You sold the stock 10 months later for $63.98 per share. What was your

You purchased a stock for $57.52 per share using 70% margin. You sold the stock 10 months later for $63.98 per share. What was your annualized return? (Express your solution as a decimal with four digits of accuracy.)

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