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Check my w 10 You've just opened a margin account with $48,450 at your local brokerage firm. You instruct your broker to purchase 950 shares
Check my w 10 You've just opened a margin account with $48,450 at your local brokerage firm. You instruct your broker to purchase 950 shares of Landon Golf stock, which currently sells for $102 per share. Suppose the call money rate is 6 percent and your broker charges you a spread of 1 percent over this rate. You hold the stock for six months and sell at a price of $109 per share. The company paid a dividend of $0.29 per share the day before you sold your stock. 0.83 points a. What is your total dollar return from this investment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) eBook Print Dollar return Dollar return
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