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You've just opened a margin account with $ 2 9 , 5 2 0 at your local brokerage firm. You instruct your broker to purchase
You've just opened a margin account with $ at your local brokerage firm. You instruct your broker to purchase shares of Landon Golf stock, which currently sells for $ per share. Suppose the call money rate is percent and your broker charges you a spread of percent over this rate. You hold the stock for four months and sell at a price of $ per share. The company paid a dividend of $ per share the day before you sold your stock.
a What is your total dollar return from this investment? Do not round intermediate calculations. Round your answer to decimal places.
tableDollar return,$
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