Value of the transaction from broker

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Assume that you opened a brokerage account and purchased 500 shares of Dreamstar at $60 per share on April 1, 2020. To facilitate this transaction, you borrowed 40% of the value of the transaction from your broker. The broker charges a 6% interest per annum.

On September 30, 2020 you sold Dreamstar shares at $66 per share.

Reference no: EM133002219

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