Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

exactly one year ago, Nick bought 500 shares of lenar crop. stock at $21.14 per share using his 60% margin account. today he sees that

image text in transcribed
exactly one year ago, Nick bought 500 shares of lenar crop. stock at $21.14 per share using his 60% margin account. today he sees that the stock is trading for $23.31 per share and decids to close out his position by selling all of his shares. what is Nick's return on investor's equity? lgnore margin interest and trading costs. submit your answer as a percentage and round to two decimal places (Ex.0.00%)
+ bbud edu/webapps/ement/te/ke plounement : 35246 cod 06235 content - 436751 question cum de acho Apps Mal Youtube Me Tamaining Time: 53 minutes 31 seconds Support Question Completion Status Cure Window Moving to another question will save this reme We of 10 Question 10 point Exactly one year ago Nick bought so share on Core stock 21 per share using the count today he that the stock in trading for there and decides to out his position by suling of his shes What Nick's rohum on seguito magis interest and trading to submit your own percentage and found in two decimales Ex 000) Moving to another out with response Ostona 10 Clase Window ASFALL 20.doc Sh . Type here to search o (S LE 19 a M

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Management Accounting

Authors: Pauline Weetman

7th edition

1292086599, 978-1292086590

More Books

Students also viewed these Finance questions

Question

How can promotion be used to help build positive brand attitude?

Answered: 1 week ago