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Bill Campbell invested $ 3 , 1 0 0 and borrowed $ 3 , 1 0 0 to purchase shares in Kellogg. At the time
Bill Campbell invested $ and borrowed $ to purchase shares in Kellogg. At the time of his investment, Kellogg stock was selling for $ a share.
a If Bill paid a $ commission, how many shares could he buy if he used his $ and borrowed $ on margin to buy Kellogg stock? Round your answer to decimal places.
Number of shares
b Ignoring buying commission, Assuming Bill did use margin, paid a $ total commission to sell his Kellogg stock, and sold his stock for $ a share, how much profit did he make on his Kellogg investment? Round your answer to decimal places.
Total profit after commissions
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