Question
You bought $6,500 worth of a stock with a 60% margin. One year later you sold the stock for $7,500. The stock paid no dividends
You bought $6,500 worth of a stock with a 60% margin. One year later you sold the stock for $7,500. The stock paid no dividends and the annual interest rate charged on your borrowed funds was 7.69%. What return did you receive on the investment?
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
