Melia bought 100 shares of stock ABC on margin for $40 a share. Below are the terms Amelia's broker gave her for the margin purchase: Commissions: $0 Margin requirement = 60% Interest rate on borrowed funds = 4% ABC's stock price went up to $58 a share, so Amelia decided to sell the stock at $58. Also, during the time Amelia owned the stock, it paid a $1.00 per share dividend. 

What was Amelia's percentage return earned on her investment?

Answer rating: 100% (QA)

To calculate Amelias percentage return earned on her investment you need to consider both the ca... View the full answer