Multiple Choice
You purchased a stock for $18.45 a share using 70% margin. You sold the stock seven months later for $19.85 a share. You did not receive any dividend income. What was your holding period percentage return on this investment? Ignore trading costs and margin interest.
A) 8.77%
B) 9.12%
C) 10.84%
D) 11.75%
E) 12.13%
Correct Answer:
Verified
Correct Answer:
Verified
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