Question: 4) 2. You have opened a margin account with borowing $11.000 from your local broker. You instruct your broker to purchase 600 shares of Norse

4) 2. You have opened a margin account with borowing $11.000 from your local broker. You instruct your broker to purchase 600 shares of Norse Corpora $46 per ate is10% a tion Stock, which currently sells for share. Three months later, the stock is selling for $50 per share. Assume interestr year. ou close out your position after three months. What is your percentage rate of return? (Please consider interest expenses) oan a (12.86 cDatau (EAD)2 (Ise your answer from a

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