Question
You bought 200 shares of XYZ for $67 using 53% margin. You closed your position when XYZ was selling for $90. The broker charges 12.0%
You bought 200 shares of XYZ for $67 using 53% margin. You closed your position when XYZ was selling for $90. The broker charges 12.0% interest on the funds you borrowed. What is your return on the money you invested? Assume that there are no commissions for the trades. Answer in %.
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International Finance Exchange Rates And Financial Flows In The International Financial System
Authors: Heather D. Gibson
1st Edition
0582218128, 978-0582218123
