Question
Suppose an investor buys $100,000 shares in IBM, using $20,000 of their own capital and borrowing $80,000. After three months, the IBM share price goes
Suppose an investor buys $100,000 shares in IBM, using $20,000 of their own capital and borrowing $80,000. After three months, the IBM share price goes up 20% and investor pays $2,000 interest for the money he borrowed. What is the investors profit (percentage wise)) here?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
2nd Edition
0073530638, 9780073530635
