2 points You've just opened a margin account with $10,000 at your local brokerage firm. You instruct your broker to purc

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2 Points You Ve Just Opened A Margin Account With 10 000 At Your Local Brokerage Firm You Instruct Your Broker To Purc 1 (9.8 KiB) Viewed 24 times

2 points You've just opened a margin account with $10,000 at your local brokerage firm. You instruct your broker to purchase 450 shares of Smolra Golf stock, which curently sells for $30 per share. Suppose the annual call money rate is 6 percent and your broker charges you an annual spread of 1.25 percent over this rate. You hold the stock for six months and sell at a pros of $47 per share. The company paid a dividend of $0.25 per share the day before you sold your stock. What is your effective percentage annual rate of return)