A stock was purchased for $51 a share and sold eleven months later for $54 a share.If the shares were purchased totally with cash the holding period return would be _____ percent as compared to _____ percent if the purchase was made using 70 percent margin.Ignore trading costs and margin interest.
A) 5.56; 3.89
B) 5.56; 7.94
C) 5.88; 4.12
D) 5.88; 6.69
E) 5.88; 8.40
Correct Answer:
Verified
Q61: You recently purchased 1,300 shares of stock
Q65: Tony purchased 100 shares of T-Rex stock
Q67: Rudolfo purchased 900 shares of stock for
Q70: Aaron purchased 300 shares of a technology
Q71: Five months ago,you purchased 400 shares of
Q74: You recently purchased 100 shares of stock
Q75: Robin sold 800 shares of a non-dividend
Q79: You purchased 700 shares of stock for
Q79: Yvette recently purchased 500 shares of stock
Q94: Today,you short sold 1,100 shares of Jasper
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