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This is a question about finance and marketing Question#1(8 points)-You purchase 1,000 shares of the Common Sto Judy Corporation for $96.00 per share ON MARGIN.
This is a question about finance and marketing
Question#1(8 points)-You purchase 1,000 shares of the Common Sto Judy Corporation for $96.00 per share ON MARGIN. You paid $50.00 for thethe shares and borrowed the remaining $46 from your Brokerage firm at an annualized interest rate. The Judy Corporation pays a quarterly dividend of per share. One year later, you sell all 1,000 shares at a price of $117.00. 8% $1.00 What is your percentage return (carry out your answer to 3 decimal places and round to 2 decimal places)? A. B. What would have been your percentage return if you only used your personal funds Step by Step Solution
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