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Tony Joe purchased 900 shares of stock for $62.20 a share and sold them ten months later for $64.60 a share. The initial margin requirement
Tony Joe purchased 900 shares of stock for $62.20 a share and sold them ten months later for $64.60 a share. The initial margin requirement on this stock is 75 percent and the maintenance margin is 40 percent. Ignoring dividends and costs, what is his holding period return?
4.95 percent | ||
5.14 percent | ||
3.86 percent | ||
4.54 percent |
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