You purchased 400 shares of common stock on margin at $35 per share and sold them 11 months later at $45. Assume the ma

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

You purchased 400 shares of common stock on margin at $35 per share and sold them 11 months later at $45. Assume the ma

Post by answerhappygod »

You purchased 400 shares of common stock on margin at $35 pershare and sold them 11 months later at $45. Assume themargin requirement is 80​%, interest on margin used is 5​%, andcommission paid on each transaction is​ 2%. What is yourcapital gain on this​ investment?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”