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Question 14 (2.5 points) Enzo purchased 900 shares of ABC stock at $18.50/share using 50% margin. ABC stock pays no dividend, and the broker charges
Question 14 (2.5 points) Enzo purchased 900 shares of ABC stock at $18.50/share using 50% margin. ABC stock pays no dividend, and the broker charges 6% interest on the margin loan. One year later, he sold the stock at $24.25/share. What was Enzo's net return on his investment from these transactions. 31.1% 56.2% 28.1% 62.2%
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