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JSmith1 JSmith1
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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:
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eggr0lleggr0ll
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2 years ago
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Anonymous
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#2
2 months ago
Help! The answer is missing an explanation...
Post Merge: 2 months ago

Missing an explanation
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#3
2 months ago
Does that help?
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