Question
eBook Problem 4-08 Lisa Lasher buys 400 shares of stock on margin at $30 per share. If the margin requirement is 30 percent, how much
| eBook Problem 4-08 Lisa Lasher buys 400 shares of stock on margin at $30 per share. If the margin requirement is 30 percent, how much must the stock rise for her to realize a 15-percent return on her invested funds? (Ignore dividends, commissions, and interest on borrowed funds.) Round your answer to the nearest cent. $ |
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
