Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Boris bought 235 shares on margin at $43 per share. The initial margin was 64% and the maintenance margin was 41%. Calculate Boris's ROE if
Boris bought 235 shares on margin at $43 per share. The initial margin was 64% and the maintenance margin was 41%. Calculate Boris's ROE if price changes to $41 per share. Express your answer as a decimal with four digits after the decimal point (e.g., either 0.1234 or -0.1234, not 12.34% or -12.34%)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started