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11 Megan bought 500 shares of stock at a price of $16 a share. She used her 80% margin account.11 to make the purchase. Megan
11
Megan bought 500 shares of stock at a price of $16 a share. She used her 80% margin account.11 to make the purchase. Megan sold her stock after a year for $20 a share. Ignoring margin * ?interest and trading costs, what is Megan's return on investor's equity for this investment ( (2 ) A) 37% B) 29% C) 35% D) 31% E) 100%
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
