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You purchase 504 shares of XYZ Co. stock on margin at a price of $33. Your broker requires you to deposit $8,839. A month lat

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Answer #1

Investment = $8839

Profit = (29-33)*504 = -$2016

i.e. Loss

Hence, return in % = -2016/8839

= -22.8080%

i.e. -22.81%

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