chosee please !! An investor buys 180 shares of XYZ at the...
50.1K
Verified Solution
Link Copied!
Question
Finance
chosee please !!
An investor buys 180 shares of XYZ at the market price of $391 on full margin. The initial margin requirement is 58% and the maintenance margin requirement is 29%. If the shares of stock later sold for $191.5 per share, what is the rate of return on the margin transaction? 0 a. -51,02% b. 175.94% oc-96.2796 O d. 96.27%
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!