Question
Steve purchased 100 shares of common stock on margin for $75 per share. The initial margin is 50%, and the stock pays no dividend. What
Steve purchased 100 shares of common stock on margin for $75 per share. The initial margin is 50%, and the stock pays no dividend. What would his rate of return be if he sells the stock at $56 per share? Ignore interest on margin.
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Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0078945801, 9780078945809
