Question
You purchased 250 shares of common stock on margin for $25 per share. The initial margin is 70%, and the stock pays no dividend. Your
You purchased 250 shares of common stock on margin for $25 per share. The initial margin is 70%, and the stock pays no dividend. Your rate of return would be ________ if you sell the stock at $32 per share. Ignore interest on margin.
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Probability For Risk Management
Authors: Matthew J. Hassett, Donald G. Stewart
2nd Edition
156698548X, 978-1566985482
