You purchased 300 shares of common stock on margin for $55 per share. The initial margin is
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You purchased 300 shares of common stock on margin for $55 per share. The initial margin is 50% and the stock pays no dividend. What would your rate of return be if you sell the stock at $55 per share? Ignore interest on margin.
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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