Question
You purcahsed 275 shares of 2nd Chance Co. stock on margin ar a price of $53. your broker requires you ro deposit $8000. In the
You purcahsed 275 shares of 2nd Chance Co. stock on margin ar a price of $53. your broker requires you ro deposit $8000.
In the previous problem, suppose you sell the stock at a proice of $62. What is your return? What would your return have been had you purchased the stock without margin? What if the stock price is $46 when you sell the stock?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti
2nd Edition
0073523097, 9780073523095
