Question
Shares 1,000 IMR 50% MMR 30% Call rate 7.25% You bought 1,000 shares of a $10.00 stock. You borrowed 50% of the purchase price. You
Shares 1,000 IMR 50% MMR 30% Call rate 7.25% You bought 1,000 shares of a $10.00 stock. You borrowed 50% of the purchase price. You held the stock for six months then sold it at $15.00 a share. What was your return on this investment? Group of answer choices
0.964
None of the answers is correct
0.013
0.096
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
3rd Edition
0324274319, 9780324274318
