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William bought 200 shares of stock at a price of $24 a share. He used 70% margin to make the purchase. He sold his stock
William bought 200 shares of stock at a price of $24 a share. He used 70% margin to make the purchase. He sold his stock after a year for $27 a share. Ignoring margin interest and trading costs, what is his return on the equity for this investment?
| A | 17.86% | |
| B | 15.78% | |
| C | 14.67% | |
| D | 12.50% |
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