Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You bought 100 shares of INTC for $80 using 69% initial margin. You just sold the stocks for $60. What is the return on your

image text in transcribed
You bought 100 shares of INTC for $80 using 69% initial margin. You just sold the stocks for $60. What is the return on your invested capital? Ignore any transaction costs and interest charged. Answer in \%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions