Question
A year ago, Kim Altman purchased 250 shares of BLK, Inc. for $37.00 on margin. At that time the margin requirement was 50 percent. If
A year ago, Kim Altman purchased 250 shares of BLK, Inc. for $37.00 on margin. At that time the margin requirement was 50 percent. If the interest rate on borrowed funds was 10 percent and she sold the stock for $44.50, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places.
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Behavioral Finance And Investor Types
Authors: Michael M. Pompian
1st Edition
1118011503, 978-1118011508
