You purchase 100 shares for 45 a share 4500 and after a, Finance Basics

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You purchase 100 shares for 45 a share 4500 and after a

Question: You purchase 100 shares for $45 a share ($4500), and after a year the price rises to $55. What will be the percentage return on investment If you bought stock on margin and the margin requirement is 25%, ignoring commissions, dividends, and interest?

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