Question
You purchase 50 shares for $60 a share ($3,000), and after a year the price falls to $55. Calculate the percentage return on your investment
You purchase 50 shares for $60 a share ($3,000), and after a year the price falls to $55. Calculate the percentage return on your investment If you bought the stock on margin and the margin requirement was (ignore commissions, dividends, and interest expense): a. 25 percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.
b. 60 percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.
c. 85 percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started