Suppose the call money rate is 4.5 percent, and you pay a spread of 2.5 percent over

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Suppose the call money rate is 4.5 percent, and you pay a spread of 2.5 percent over that. You buy 800 shares of stock at $34 per share. You put up $15,000. One year later, the stock is selling for $48 per share, and you close out your position. What is your return assuming a dividend of $.64 per share is paid?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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