Eight months ago, Freda purchased 500 shares of stock on margin at a price per share of $26. The initial margin requirement on her account is 60% and the maintenance margin is 40%. The call money rate is 2.5% and she pays 2% above that rate. Today, she sold these shares for $27.22 each. What is her annualized rate of return?

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The Answer of Eight months ago, Freda purchased 500 shares of stock on margin at a price per share of $26. The initial margin requirement on her account is 60% and the maintenance margin is 40%. The call money rate is 2.5% and she pays 2% above that rate. Today, she sold these shares for $27.22 each. What is her annualized rate of return?

Eight Months Ago, Freda Purchased 500 Shares of Stock on Margin