Question
A year ago, Kim Altman purchased 300 shares of BLK, Inc. for $36.00 on margin. At that time the margin requirement was 50 percent. If
A year ago, Kim Altman purchased 300 shares of BLK, Inc. for $36.00 on margin. At that time the margin requirement was 50 percent. If the interest rate on borrowed funds was 6 percent and she sold the stock for $44.50, what is the percentage return on the funds she invested in the stock?
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Technical Analysis Of The Financial Markets
Authors: John J. Murphy
1st Edition
0735200661, 978-0735200661
