Suppose you take out a margin loan for $65,000. The rate you pay is an 8.7 percent
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Suppose you take out a margin loan for $65,000. The rate you pay is an 8.7 percent effective rate. If you repay the loan in six months (or 180 days), how much interest will you pay?
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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