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Title: Harry bought 100 shares of stock at a price of $48 a share. He used his 60% margin account to make ...
Post by: JSmith1 on Mar 14, 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: eggr0ll on Mar 14, 2022
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Title: BFSF: Harry bought 100 shares of stock at a price of $48 a share. He used his 60% margin account to ...
Post by: Sammie Scully on Feb 14, 2024
Help! The answer is missing an explanation...
Post Merge: 2 months ago

Missing an explanation


Title: Re: Harry bought 100 shares of stock at a price of $48 a share. He used his 60% margin account to ...
Post by: eggr0ll on Feb 14, 2024
Does that help?