Social Studies, 20.04.2020 12:28 ashleybaber4966
Gerry bought 100 shares of stock for $30.00 per share on 70% margin. Assume Gerry holds the stock for one year and that his interest costs will be $45 over the holding period. Gerry also received dividends amounting to $0.30 per share. Ignoring commissions, what is his percentage return on invested capital if he sells the stock for $34 a share?
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Gerry bought 100 shares of stock for $30.00 per share on 70% margin. Assume Gerry holds the stock fo...
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