Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 11 4 pts 6 months ago, Mary put up $7,000 cash and borrowed $3,000 to invest a total of $10,000 in ABC, which was

image text in transcribed

Question 11 4 pts 6 months ago, Mary put up $7,000 cash and borrowed $3,000 to invest a total of $10,000 in ABC, which was trading at $100 per share. Today, ABC stock price becomes $85. Her margin is ---- _% Round to the nearest 2 decimal percentage points. For example, if your answer is 12.345%, then enter "12.35

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Econometrics For Finance

Authors: Chris Brooks

2nd Edition

052169468X, 9780521694681

More Books

Students also viewed these Finance questions

Question

Why was humanistic psychology referred to as a third force?

Answered: 1 week ago

Question

Discuss how technology impacts HRD evaluation

Answered: 1 week ago