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QUESTION 11 You have $500 to invest. You decide to open a margin account with your brokerage. The account has an 80% initial margin requirement.

QUESTION 11

  1. You have $500 to invest. You decide to open a margin account with your brokerage. The account has an 80% initial margin requirement. You have decided to invest in Firewood Inc. stock when the price is $5 per share.

    When the price rises to $6 per share you decide to sell., What was your rate of return on this investment? (Enter as a percentage, no percent symbol)

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