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Lisa Lasher buys 380 shares of stock on margin at $22 per share. If the margin...

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Finance

Lisa Lasher buys 380 shares of stock on margin at $22 per share.If the margin requirement is 50 percent, how much must the stockrise for her to realize a 45-percent return on her invested funds?(Ignore dividends, commissions, and interest on borrowed funds.)Round your answer to the nearest cent.

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Lisa Lasher buys 380 shares of stock on margin at $22 per share.If the margin requirement is 50 percent, how much must the stockrise for her to realize a 45-percent return on her invested funds?(Ignore dividends, commissions, and interest on borrowed funds.)Round your answer to the nearest cent.

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