Rudolfo purchased 900 shares of stock for $62.20 a share and sold them ten months later for $64.60 a share. The initial margin requirement on this stock is 75% and the maintenance margin is 40%. Ignoring dividends and costs, what is his holding period return?
A) 3.72%
B) 3.86%
C) 4.54%
D) 4.95%
E) 5.14%
Correct Answer:
Verified
Q73: Three months ago, Trevor purchased 500 shares
Q74: Yvette recently purchased 500 shares of stock
Q75: Seven months ago, you purchased 400 shares
Q76: You purchase 500 shares of stock on
Q77: You recently purchased 200 shares of stock
Q79: You purchased 400 shares of stock for
Q80: Eight months ago, Freda purchased 500 shares
Q81: Neshoba Industries stock is selling for $33
Q82: You short sold 500 shares of Jasper
Q83: Last week, you sold 800 shares of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents