Business, 29.01.2021 02:10 nsg0686

Robin sold 800 shares of a non-dividend paying stock this morning for a total of $29,440. She had purchased these shares on margin nine months ago at a cost per share of $35. The initial margin requirement on this stock is 60% and the maintenance margin is 30%. Robin pays 1.2% over the call money rate of 4.9%. What is her total dollar return on this investment

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Robin sold 800 shares of a non-dividend paying stock this morning for a total of $29,440. She had pu...

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