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Kss612 Kss612
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2 years ago
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
Authors:
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austsieraustsier
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2 years ago
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Kss612 Author
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2 years ago
You make an excellent tutor!
kh540941
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
paulinaibarra98
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2 hours ago
Good timing, thanks!
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