Question
You buy 800 shares of ABC stock at $82 per share with an initial margin of 60%. One month later, ABC stock is worth $89
You buy 800 shares of ABC stock at $82 per share with an initial margin of 60%. One month later, ABC stock is worth $89 per share. What is your rate of return on this transaction? Ignore transaction costs and margin interest.
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Public Finance
Authors: Laurence S. Seidman
1st Edition
0073375748, 978-0073375748
