What is your effective annual return, Finance Basics

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What is your effective annual return

Problem: Six months ago, you purchased 600 shares of stock on margin.

The initial margin requirement on your account is 60% and the maintenance margin is 40%. The call money rate plus the spread is 5%. The purchase price was $15 per share. Today, you sold these shares for $17 each.

Question. What is your Effective Annual Return (EAR)?

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Finance Basics: What is your effective annual return

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