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How many shares of turtle can jackie purchase

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Reference no: EM132505063

Jackie has a margin account with a balance of $150,000. The initial margin deposit is 60 % and Turtle Industries is currently selling at $50 per share. While the interest rate on cited margin equal to 10% per year, transaction commission is 0.50 % (i.e. 0.50% for buy and 0.50% for sell).

Question a. How many shares of Turtle can Jackie purchase?

Question b. What is Jackie's Net Profit/ Loss if Turtle's price after one year is $40?

Question c. What is Jackie's Return on Equity (ROE)?

Reference no: EM132505063

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