Solution-What would return have been had purchased

What would return have been had purchased

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You purchase 275 shares of 2nd Chance Co. stock on margin at a price of $53. Your broker requires you to deposit $8,000.

Problem a. Suppose you sell the stock at a price of $62. What is your return? What would your return have been had you purchased the stock without margin?

Reference no: EM132754574

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What would return have been had purchased

Reference no: EM132754574

Reference no: EM132754574

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