FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Angie bought 100 shares of stock at a price of $20 a share. She used her 70% margin account to make the purchase. Angie sold

image text in transcribed
Angie bought 100 shares of stock at a price of $20 a share. She used her 70% margin account to make the purchase. Angie sold her stock after a year for $24 a share. Ignoring margin interest and trading costs, what is Angie's return on investor's equity for this investment? Select one 10 2200 6.705 Previous page Next page navigation 2 10 11 12 15 16 17 18 19 20 21 22 || 23 24 25 26 27 28 29 0-3849

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance Text And Cases

Corporate Finance Text And Cases

Authors: Vishwanath S. R.

3rd Edition

9353282896, 978-9353282899

More Books

Students also viewed these Accounting questions

Question

★★★★★
Carroll, Inc., has a total debt ratio of .75, total debt of $353,000, and net income of $18,750. What is the company's return on equity?

Answered: 1 week ago

Question

★★★★★
A plaintiff cannot resort to the doctrine of res ipsa loquitur if: a. it is just as likely that someone other than the defendant caused the plaintiffs injury. b. there are multiple defendants. c....

Answered: 1 week ago

Question

★★★★★
Let X be a random variable such that X h(n; a, b). Show that the probability function f of X can be calculated via the following recursive scheme: f(x + 1) = (n-x)(a-x) (x+1)(bn+x+1) with the...

Answered: 1 week ago

Question

★★★★★
1. Visit the Web site for BELA at www.ethisphere.com/bela. Define the four core values in detail, and explain which one you think will be the hardest for members to achieve and why. 2. Do you think...

Answered: 1 week ago

Question

★★★★★
assume the following register contents $t = 0xAAAAAAAA, $t1 = 0x12345678 a) for the register values shown above, what is the value of $t2 for the following sequence of instructions sll $t2, $t0, 2 or...

Answered: 1 week ago

Question

★★★★★
On August 11, 2018, a rally was held in Washington DC to commemorate the one-year anniversary of the Unite the Right Rally in Charlottesville VA. However, the marchers there were greatly outnumbered...

Answered: 1 week ago

Question

★★★★★
What is meant by organisational theory ?

Answered: 1 week ago

Question

★★★★★
What is meant by decentralisation of authority ?

Answered: 1 week ago

Question

★★★★★
Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

★★★★★
Define policy making?

Answered: 1 week ago

Question

★★★★★
Define co-ordination?

Answered: 1 week ago

Question

★★★★★
What types of nonverbal behavior have scholars identifi ed?

Answered: 1 week ago

Question

★★★★★
Attend a gathering of people from a culture different from yours. It might be a meeting at a Jewish temple if youre Christian, an African American church if you are white, or a meeting of Asian...

Answered: 1 week ago

Question

★★★★★
To what extent do Celia and Bernadette engage in dual perspective to understand each other?

Answered: 1 week ago

Previous Question Next Question