Lauren purchases 500 shares of Walsh Corp. at the beginning of the year when the market price
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Question:
Lauren purchases 500 shares of Walsh Corp. at the beginning of the year when the market price of those shares was $77.50. During the year she receives a dividend of $2.80 per share and sells the stock at the end of the year for $82.00 per share.
Calculate Lauren's total percentage return on this investment if she:
(a) pays for the shares in-full with cash; and,
(b) uses the 60% margin her broker offers. Ignore commissions, interest charges and taxes
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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