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Four months ago, X Company's stock was selling for $17 per share. You had $15,300 available to invest and decided to purchase as many shares
Four months ago, X Company's stock was selling for $17 per share. You had $15,300 available to invest and decided to purchase as many shares as you possibly can. The initial margin requirement on your account is 65 percent and the maintenance margin is 35 percent. The call money rate is 4.6 percent and the spread is 1.15 percent. Today, you sold these shares for $24 each a. Please show the T-accounts before and after the price change o. What is vour effective annual rate of return
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