Determine total dollar return on investment

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Robin sold 800 shares of a non-dividend paying stock this morning for a total of $29,440. She had purchased these shares on margin 12 months ago at a cost per share of $35. The initial margin requirement on this stock is 60 percent and the maintenance margin is 30 percent. Robin also needs to pay loan rate of 3.0 percent. What is her total dollar return on this investment?

Reference no: EM1350897

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