1. You bought 4000 shares of stock on margin 9 months ago. At that time, you opened your margin account and paid $32.30 a share, investing just enough to hit the necessary initial margin requirement of 25%. The remainder of the investment was financed by a broker loan, interest and principal paid when you close your position, and charging 6% EAR. Given that you have just sold your entire position and realized a net annualized return of 30%, what must be the current price of the stock?

Answer rating: 100% (QA)

Okay lets break this down stepbystep You bought 4000 shares 9 months ago Price per share was ... View the full answer