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Suppose you buy a round lot of Francesca Industries stock (100 shares) en 50 percent margin when the stock is seiling at s25 a share.

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Suppose you buy a round lot of Francesca Industries stock (100 shares) en 50 percent margin when the stock is seiling at s25 a share. The broker eharges a 12 percent annual Whterest rate, and commispeos are 4 percent of the stock value on the purchase and sale. A year later you receive a 10.35 per share dividend and seil the stock for say a thare. What is your rate of retum on Fiancesca industries? bo not round intermedate calculabions. found your answer to tro decimal piaces

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