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Part II. Problems. Problem 1 (5 points). Robin's broker sold 800 shares of a non-dividend paying stock this morning for a total of $29,440. Robin

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Part II. Problems. Problem 1 (5 points). Robin's broker sold 800 shares of a non-dividend paying stock this morning for a total of $29,440. Robin had purchased these shares on margin nine months ago at a cost per share of $30. The initial margin requirement on this stock was 60 percent. Robin paid 1.2 percent over the call money rate of 4.9 percent What was her holding period return on this investment? Show 1

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