Question
Lisa Lasher buys 420 shares of stock on margin at $29 per share. If the margin requirement is 50 percent, how much must the stock
Lisa Lasher buys 420 shares of stock on margin at $29 per share. If the margin requirement is 50 percent, how much must the stock rise for her to realize a 40-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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Finance For Managers
Authors: Harvard Business School Press
1st Edition
1578518768, 978-1578518760
