Question
You opened a brokerage account and purchased 300 shares of TGT for $90 per share and deposit initial margin of 50%. The next day, TGT's
You opened a brokerage account and purchased 300 shares of TGT for $90 per share and deposit initial margin of 50%. The next day, TGT's price drops to $85 per share. What are your actual margin and rate of return for this investment? Question 8 options: a) 53.07%; -5.55% b) 25.32%; -8.77% c) 47.06%; -11.11% d) 47.06%; -5.55% e) 50.67%; -11.11%
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Public Finance
Authors: Charles Francis Bastable
1st Edition
1375520083, 978-1375520089
