Jane buys 977.8 Blue Sky shares at $9.3. She borrows $4814.6 of the purchase price from the

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Jane buys 977.8 Blue Sky shares at $9.3. She borrows $4814.6 of the purchase price from the sharebroker at 12% per annum. Six months later, she sells the shares for $14.4 per share.

What is her profit as a percentage on her original investment?

Related Book For answer-question

Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Posted Date: May 03, 2023 04:23 AM

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Jane buys 977.8 Blue Sky shares at $9.3. She borrows $4814.6 of the purchase price from the

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Expert Answer:

The total amount Jane pays for the shares is 9778 shares x 93... View the full answer

Canadian Income Taxation Planning And Decision Making

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