Homework Clinic

Social Science Clinic => Business => Finance => Topic started by: nanna on Mar 29, 2022

Title: Harry bought 100 shares of stock at a price of $48 a share. He used his 60% margin account to make ...
Post by: nanna on Mar 29, 2022

Harry bought 100 shares of stock at a price of $48 a share. He used his 60% margin account to make the purchase. Harry sold his stock after a year for $40 a share. Ignoring margin interest and trading costs, what is Harry's return on investor's equity for this investment?
◦ -17%
◦ -24%
◦ 28%
◦ -28%

Title: Harry bought 100 shares of stock at a price of $48 a share. He used his 60% margin account to make ...
Post by: nora9826 on Mar 29, 2022

-28%

Title: Re: Harry bought 100 shares of stock at a price of $48 a share. He used his 60% margin account to ma
Post by: VIVIEN AMAM00 on May 10, 2022

Thank you