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Presume the call money rate is 6.8% & you pay a spread of 1.9% over that. You buy 800 shares at $53 per share with
Presume the call money rate is 6.8% & you pay a spread of 1.9% over that. You buy 800 shares at $53 per share with an initial margin of 40%. One-year later, the stock is selling for $59 per share, and you close out your position. Question : What is your return assuming no dividends are paid? (Round your answer to 2 decimal places. Omit the "%" sign in your response.) |
Rate of return | % |
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