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Question
Rudolfo purchased 900 shares of stock for $62.20 a share and sold them ten months later for $64.60 a share. The initial margin requirement on this stock is 75 percent and the maintenance margin is 40 percent. Ignoring dividends and costs, what is his holding period return?A. 3.72 percent
B. 3.86 percent
C. 4.54 percent
D. 4.95 percent
E. 5.14 percent
Answer
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