Mathematics, 17.11.2020 07:50 tsimonej12
Nathan bought 200 shares of stock at $40 per share ($8,000 total). He paid $5,000 in cash and borrowed $3,000 from the brokerage firm. The loan has an annual interest rate of 6 percent. Six months later, the stock’s current price is $38 per share. If Nathan sells now, he will pay a commission of $160 and will have to repay the loan. If he sells now, he will lose $ __?
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Nathan bought 200 shares of stock at $40 per share ($8,000 total). He paid $5,000 in cash and borrow...
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