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An investor buys $15,000 worth of a stock priced at $20 per share using a 55% initial margin. The broker charges 8% on the margin

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An investor buys $15,000 worth of a stock priced at $20 per share using a 55% initial margin. The broker charges 8% on the margin loan and requires a 35% maintenance margin. The stock pays a $1.00 per share dividend in one year and then the stock is sold at 522 per share. What was the investor's rate of return? Question 3 of 15 > antering to this

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