Question: You went on margin 11-to-1. What return on the underlying investment will exactly double your equity? Write your answer out to three decimals; for example,
You went on margin 11-to-1. What return on the underlying investment will exactly double your equity? Write your answer out to three decimals; for example, write 25.2% as .252 or 6.1% as .061
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
