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Stacy purchased 400 shares of stock for $38 a share.She sold those shares six months later for $34 a share.The initial margin requirement is 80 percent and the maintenance margin is 40 percent.Ignore margin interest and trading costs.If she purchased the shares for cash her holding period return would be ________ percent as compared to ________ percent if she had used margin.
Strategic Defense Initiative
A proposed missile defense system announced by President Ronald Reagan in 1983, intended to protect the United States from attack by ballistic strategic nuclear weapons.
Soviet Missiles
Ballistic missiles developed and deployed by the Soviet Union during the Cold War, which were central to the nuclear arms race between the Soviet Union and the United States.
Soviet Union
The Soviet Union, formally known as the Union of Soviet Socialist Republics (USSR), was a federal socialist state in Eurasia that existed from 1922 to 1991.
Navy Vessels
Ships and boats used by the navy of a nation for warfare, patrol, or support roles.
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