One year later the stock price closes at 7175 if the, Financial Management

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One year later the stock price closes at 7175 if the

You purchased 100 shares of Express Scripts common stock on margin at $70.38 per share. Assume the initial margin is 50% and the maintenance margin is 30%. One year later, the stock price closes at $71.75. If the broker’s call loan rate is 2.00%, what is your return on equity?

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Financial Management: One year later the stock price closes at 7175 if the

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