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Question 8 9 pts You purchased 1500 shares of common stock on margin for $125 per share. The initial margin is 50%, and the stock
Question 8 9 pts You purchased 1500 shares of common stock on margin for $125 per share. The initial margin is 50%, and the stock pays no dividend. The maintenance margin is 25%. Ignore interest on margin. What would be your rate of return if your ending margin is 55%? (Do not round intermediate calculations. Round your final answer as a percent up to two decimal places without the % symbol, e.g., 10.35% should be entered as 10.35)
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