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Problem 4-05 A year ago, Kim Altman purchased 300 shares of BLK, Inc. for $27.00 on margin. At that time the margin requirement was 60
Problem 4-05 A year ago, Kim Altman purchased 300 shares of BLK, Inc. for $27.00 on margin. At that time the margin requirement was 60 percent. If the interest rate on borrowed funds was 11 percent and she sold the stock for $35.50, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places. %
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