Question
You purchased 400 shares of common stock on margin at $35 per share and sold them 11 months later at $45. Assume the margin requirement
You purchased 400 shares of common stock on margin at $35 per share and sold them 11 months later at $45. Assume the margin requirement is 80%, interest on margin used is 5%, and commission paid on each transaction is 2%. What is your capital gain on this investment?
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Options Futures And Other Derivatives
Authors: John C. Hull
7th Edition
0136015867, 9780136015864
