Top Posters
Since Sunday
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
m
2
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
JSmith1 JSmith1
wrote...
Go to Answer
Posts: 184
Rep: 0 0
2 years ago
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%
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
Read 473 times
3 Replies
Replies
Answer verified by a subject expert
eggr0lleggr0ll
wrote...
#1
Posts: 163
Rep: 1 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Anonymous
wrote...
#2
8 months ago
Help! The answer is missing an explanation...
Post Merge: 8 months ago

Missing an explanation
wrote...
#3
8 months ago
Does that help?
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  575 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 357
  
 695
  
 283