A year ago, Kim Altman purchased 200 shares of BLK, Inc. for $25.50 on margin. At that time the margin requirement was 40 percent. If the interest rate on borrowed funds was 9 percent and she sold the stock for $34, what is the percentage return on the funds she invested in the stock
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A year ago, Kim Altman purchased 200 shares of BLK, Inc. for $25.50 on margin. At that time the margin requirement was 40 percent. If the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Mikkelson Corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. Then an increase in investor risk aversion caused the market risk premium to rise by 2%.
Answers (1)
Why is the degree of customization an important consideration in process planning?
Answers (1)
A manufacturer of televisions claims that the average life for a certain model is 7 years. A consumer organization would like to test the manufacturer's claim to ensure that the average life is not actually less than 7 years.
No Answers
Diocletian's reforms included Select one: a. the creation of the Tetrarchy. b. the elimination of taxes on land. c. the reduction of taxes on trade. d. the elimination of the Tetrarchy. e. the creation of a more democratic system.
Answers (1)
What is the purpose of life insurance? do you think everyone needs life insurance? explain?
Answers (1)
New Questions in Business
Domain names that end in. edu are:
Answers (2)
Which of the following costs are not included in finished goods inventory?
Answers (1)
Give two examples of mandatory payroll deductions
Answers (1)
Identify an advertisement or commercial that targets only one of the generational groups. Describe the promotion in detail and identify the intended group.
Answers (1)
From the Farm Fruits, a company that produces and distributes organic fruits for grocery stores, wants to market its fruits in such a way that children will beg their parents to buy them.
Answers (1)