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Assume that stock J is priced at $93/share and pays a dividend of $0.6/share. An investor purchases the stock at margin 50% and borrowing the
Assume that stock J is priced at $93/share and pays a dividend of $0.6/share. An investor purchases the stock at margin 50% and borrowing the remainder from the broker at 10%. If after one year, the stock is sold at a price of $133/share. What is the return to the investor? For example, if you find that the return is 20.23 percent, type "20.23" in the box below
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Focus On Personal Finance An Active Approach To Help You Develop Successful Financial Skills
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0078034787, 978-0078034787
