Lisa Lasher buys 400 shares of stock on margin at $21 per share. If the margin...

Lisa Lasher buys 400 shares of stock on margin at $21 per share. If the margin requirement is 70 percent, how much must the stock rise for her to realize a 40-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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jeff jeffy answered 2 weeks ago

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