Mathematics, 15.02.2021 06:30 williamschris462
You purchase 150 shares for $60 a share ($9,000), and after a year the price falls to $55. Calculate the percentage return on your investment if you bought the stock on margin and the margin requirement was 25%, 70% and 75%(ignore commissions, dividends, and interest expense):
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You purchase 150 shares for $60 a share ($9,000), and after a year the price falls to $55. Calculate...
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