Question
You purchase 593 shares of XYZ Co. stock on margin at a price of $31. Your broker requires you to deposit $7,075. A month later,
You purchase 593 shares of XYZ Co. stock on margin at a price of $31. Your broker requires you to deposit $7,075. A month later, you sell the stock at a price of $31. What is your return in percent? Answer to two decimals.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
