1. On March 11, 2011 you bought 1,000 shares of Starwood Hotels & Resorts Worldwide...
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Accounting
1. On March 11, 2011 you bought 1,000 shares of Starwood Hotels & Resorts Worldwide Inc. (HOT) at $14.00 on 50% margin. The margin loan carries a 8% annual interest rate, paid every 3 months from the day of the purchase. You sold the stock on September 11, 2011 (exactly 6 months from the purchase) for $28.00. Calculate the HPR (%) and profit amount on your equity position
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