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Assume you just purchased 100 shares of Home Depot at $20.46 per share, and 50 percent of this was purchased on the margin. a. Determine
Assume you just purchased 100 shares of Home Depot at $20.46 per share, and 50 percent of this was purchased "on the margin." a. Determine your contribution to this transaction: Total cost Amount borrowed Contribution b. What would happen to your investment if the price of Home Depot stock rose to $24.42 per share (ignoring any possible dividends)? Total value Loan Margin What was your profit? a. Assume you just purchased 100 shares of Home Depot at $20.46 per share, and 50 percent of this was purchased "on the margin", the amount of your contribution is $. (Round to the nearest cent.)
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