Suppose the call money rate is 6.8 percent, and you pay a spread of 1.9 percent over that. You buy 700 shares at $61 per

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Suppose The Call Money Rate Is 6 8 Percent And You Pay A Spread Of 1 9 Percent Over That You Buy 700 Shares At 61 Per 1 (70.21 KiB) Viewed 29 times

Suppose the call money rate is 6.8 percent, and you pay a spread of 1.9 percent over that. You buy 700 shares at $61 per share with an initial margin of 65 percent. One year later, the stock is selling for $66 per share and you close out your position. What is your return assuming no dividends are paid? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) X Answer is complete but not entirely correct. Rate of return 7.02 X %