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Hiral bought 10,000 shares of LuLu at $40 per share, with an initial margin of 60%....

Hiral bought 10,000 shares of LuLu at $40 per share, with an initial margin of 60%. He was charged 12% margin interest annually. Two years later he sold the stock for $80 per share. LuLu declared and paid a special dividend of $4 per share during the period Hiral held the stock. What was Hiral's holding period return?

100%

150%

167%

183%
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