What is your return assuming no dividends are paid

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Reference no: EM131186352

Suppose the call money rate is 6.8 percent, and you pay a spread of 1.9 percent over that. You buy 1,300 shares at $93 per share with an initial margin of 40 percent. One year later, the stock is selling for $101 per share, and you close out your position. What is your return assuming no dividends are paid? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Rate of return %

Reference no: EM131186352

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