Question
You purchased 350 shares of common stock on margin for $30 per share. The initial margin is 65%, and the stock pays no dividend. Your
You purchased 350 shares of common stock on margin for $30 per share. The initial margin is 65%, and the stock pays no dividend. Your rate of return would be if stock price goes up to $32 per share next day. Ignore interest on margin.
Question options:
|
| 15.41% |
|
| 39.21% |
|
| 80.00% |
|
| 19.05% |
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Essential Finance Guide
Authors: DK Publishing
1st Edition
078948157X, 978-0789481573
