Question
You purchased 400 shares of DBC at $45.7 per shares on your margin, which as an initial margin of 60% (or 0.60). You broker charges
You purchased 400 shares of DBC at $45.7 per shares on your margin, which as an initial margin of 60% (or 0.60). You broker charges you 0.04 per year or your margin. After one year, you sell your shares at $54.27 per shares. After paying interest on your loan, what is your HPR?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
