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3ill Campbell invested $4,000 and borrowed $4,000 to purchase shares in Kellogg. At the time of his investment, Kellogg stock was elling for $58 a
3ill Campbell invested $4,000 and borrowed $4,000 to purchase shares in Kellogg. At the time of his investment, Kellogg stock was elling for $58 a share. Note: There were no commissions to buy or sell this stock. a. How many shares could he buy if he used his $4,000 and borrowed $4,000 on margin to buy Kellogg stock? Note: Round up your final answer to the nearest whole unit. o. Assuming Bill did use margin, sold his Kellogg stock $65 a share, how much profit did he make on his Kellogg investment? Note: Round up your intermediate value of "Total shares" to the nearest whole unit. Round your final answer to 2 decimal places
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