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Can You Please Answer This Question Sopoose you buy a round iot of Francesca industries stock (100 shares) an 60 sercent margin when the stock
Can You Please Answer This Question
Sopoose you buy a round iot of Francesca industries stock (100 shares) an 60 sercent margin when the stock is seiling at $35 a share. The broker charges a 8 percent annual interest rate, and commissions are 4 percent of the stock value on the purchase and sale. A yesr later you receive a 30.30 per ahare didend and sell the stock for 341 a siare. What is your fate of return on Francesca ineustries? Do not round intermediate cainlations. Round your answer to two decimal places Step by Step Solution
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