Question
eBook Problem 4-05 A year ago, Kim Altman purchased 190 shares of BLK, Inc. for $33.50 on margin. At that time the margin requirement was
| eBook Problem 4-05 A year ago, Kim Altman purchased 190 shares of BLK, Inc. for $33.50 on margin. At that time the margin requirement was 60 percent. If the interest rate on borrowed funds was 9 percent and she sold the stock for $42.00, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places. % |
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
