Question
You purchased 100 shares of Chipotle Mexican Grill, Inc. (CMG) common stock on margin at $431.79 per share. Assume the initial margin is 50% and
You purchased 100 shares of Chipotle Mexican Grill, Inc. (CMG) common stock on margin at
$431.79 per share. Assume the initial margin is 50% and the maintenance margin is 30%. One
year later, the stock price closes at $837.11. If the brokers call loan rate is 2.00%, what is your
return on equity?
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Corporate Finance Demystified
Authors: Troy Adair
1st Edition
0071459103, 9780071459105
