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Kss612 Kss612
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Gerry bought 100 shares of stock for $30.00 per share on 70% margin. Assume Gerry holds the stock for one year and that his interest costs will be $45 over the holding period. Gerry also received dividends amounting to $0.30 per share. Ignoring commissions, what is his percentage return on invested capital if he sells the stock for $34 a share?

▸ 106.17%

▸ 20.48%

▸ 18.33

▸ 9.16%
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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austsieraustsier
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