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Amelia bought 100 shares of stock ABC on margin for $40 a share. Below are the terms Amelia's broker gave her for the margin purchase:
Amelia bought 100 shares of stock ABC on margin for $40 a share. Below are the terms Amelia's broker gave her for the margin purchase: Commissions: $0 Margin requirement =60% Interest rate on borrowed funds =3% ABC 's stock price went up to $54 a share, so Amelia decided to sell the stock at $54. Also, during the time Amelia owned the stock, it paid a $2.00 per share dividend. What was Amelia's percentage return earned on her investment
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