Mathematics, 15.02.2021 06:30 mimas76
A year ago, Kim Altman purchased 110 shares of BLK, Inc. for $32.00 on margin. At that time the margin requirement was 30 percent. If the interest rate on borrowed funds was 6 percent and she sold the stock for $37.50, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places.
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A year ago, Kim Altman purchased 110 shares of BLK, Inc. for $32.00 on margin. At that time the marg...
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