You purchase 200 shares of stock at 100 20000 the margin, Financial Management

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You purchase 200 shares of stock at 100 20000 the margin

You purchase 200 shares of stock at $100 ($20,000); the margin requirement is 30 percent. What are the dollar and percentage returns if

a. you sell the stock for $112 and buy the stock for cash? Round your answer to one decimal place.

b. you sell the stock for $90 and buy the stock on margin? Round your answer to one decimal place

c. you sell the stock for $60 and buy the stock on margin? Round your answer to one decimal place.

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Financial Management: You purchase 200 shares of stock at 100 20000 the margin

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