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Suppose you buy 100 shares of Kohls stock at a price of $30.55 per share. You use some of your own money and borrow using
Suppose you buy 100 shares of Kohls stock at a price of $30.55 per share. You use some of your own money and borrow using a margin account for as much as you can. Your initial margin is 50%. You borrow at a rate of 9%. You sell your Kohl's stock 1 year later for $33.50. There were no dividends and no commissions. What are your capital gains from selling the stock?
A. $295.00 B. $310.24 C. $325.77 D. $327.00
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