Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You went on margin 1-to-2 (margin =66.7% ) by borrowing $10,000 and using $20,000 of your own money for a $30,000 investment. Since then, the

image text in transcribed
You went on margin 1-to-2 (margin =66.7% ) by borrowing $10,000 and using $20,000 of your own money for a $30,000 investment. Since then, the return on the investment has been 20%. What is your new margin? Go out to the nearest percent and put your answer in decimals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

AI In The Financial Markets

Authors: Federico Cecconi

1st Edition

3031265173, 978-3031265174

More Books

Students also viewed these Finance questions