Juana short sold 100 shares of stock at a price of $24 a share. He used 60% margin to make the purchase. Juana bought the 100 shares of the stock after a year for $26 a share to close his position. Ignoring margin interest and trading costs, what is his return on his equity for this investment

Answer rating: 100% (QA)

To calculate Juanas return on equity for this investment we first need to determine the initial ... View the full answer