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You have just bought (on 50% margin) 100 shares of IBM Corp. common stock for $108...

You have just bought (on 50% margin) 100 shares of IBM Corp. common stock for $108 per share. One year from now you expect to sell the stock for $140. The interest charge will be 9%. What return do you expect to earn on your investment? (Show all work. Ignore commissions.)

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