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- (16 points) You bought 400 shares of Apple on margin at the price of $80 (per share). The initial margin requirement i
Posted: Fri Mar 04, 2022 9:39 am
by answerhappygod
- 16 Points You Bought 400 Shares Of Apple On Margin At The Price Of 80 Per Share The Initial Margin Requirement I 1 (12.49 KiB) Viewed 35 times
- (16 points) You bought 400 shares of Apple on margin at the price of $80 (per share). The initial margin requirement is 55% and the maintenance margin is 40%. The annual cost of the margin loan is 8%. Nine months later, you sold the shares of Apple at the price of $131 (per share). What was the return on your investment?