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Question 4 1 pts Tom purchased 465 shares of stock on margin for $29.08 a share and sold the shares 10 months later for $28.38
Question 4 1 pts Tom purchased 465 shares of stock on margin for $29.08 a share and sold the shares 10 months later for $28.38 a share. The initial margin requirement was 64 percent and the maintenance margin was 27 percent. The interest rate on the margin loan was 4 percent. He received no dividend income. What was his holding period return (in percent)? Answer to two decimals
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